About This Home
This 0-bedroom, 0-bathroom commercial at 1324 BELMONT Avenue in Salisbury, MD is listed for $450,000. Built in 2006, on a 0.05 acres lot.
Key Features
- Built in 2006
- 0.05 acre lot
- 60 parking spaces
Property Details
Located within the well-maintained East Park Professional Park, this fully leased office suite offers a compelling investment offering with in-place income and attractive cap rate potential, turnkey investment opportunity. The property is leased to Chesapeake Hearing Centers, a recognized regional provider, on a new five-year term with rent commencing June 2026, providing investors with stable, predictable income.
The suite features a functional and flexible layout, including multiple private offices, a large conference room, three separate entrances/exits, and an open workspace designed for collaborative use. Currently being remodeled, the space is ideally suited for medical or professional office users.
Positioned within a desirable professional park setting, this asset combines strong tenancy, quality improvements, and long-term income security, making it an attractive addition to any investment portfolio. 7.34% Cap Rate - 5 Year Lease in place
Monthly Cost Estimate
$2,407/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1324 BELMONT Avenue
Salisbury, MD 21804
Property Details
Construction
Parking
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 1324 BELMONT Avenue is listed at $450,000. The estimated monthly payment is $2,406 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 2006, 0.05 acre lot, 60 parking spaces.
This property is listed by Trent M Spicer-Davis and can be reached at 4105432440.
