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Eastern Avenue Medical & Dental Building 601 Eastern Ave 6,336 SF 40% Leased Office Building Fairmount Heights, MD 20743 $1,629,600 CAD ($257.20 CAD/SF) 13.20% Cap Rate
Investment Highlights
- High Traffic Area
- Completely Renovated
- Long Term Tenants
Executive Summary
Property Overview
Mixed-use office building currently under renovation. Seller is accepting offers prior to completion, providing an opportunity to acquire below stabilized value.
Sale includes additional parcel:
605 Eastern Avenue (vacant lot) — ideal for future development, expansion, or additional income potential.
Investment Highlights
Value-add opportunity with renovation in progress
Ability to purchase before completion and capture upside
Additional development parcel included in sale
Located in a growing corridor with strong long-term potential
Current Occupancy
2 units occupied (long-term tenants, year-to-year leases)
3 office units currently vacant (lease-up opportunity)
Property Status
Renovation in progress
Pricing is based on completion of the renovation
Seller open to early offers
Ideal Buyer
Investor seeking lease-up opportunity
Developer looking for additional lot potential
Owner-user with supplemental rental income
Contact for details, renovation scope, and financial projections.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Balcony
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- North East Accounting & Tax Service Inc
- Administrative and Support Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Roger Allen Dentist
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| North East Accounting & Tax Service Inc | Administrative and Support Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Roger Allen Dentist | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Highly visible and professionally renovated 1,199 SF office suite available for lease. Ideal for medical, dental, wellness, or general office users, this space offers a clean, modern layout with immediate occupancy. Medical Office Space for Lease Dental Office Space Ready Professional Office Suite 1,199 SF Available Move-In Ready Condition Recently Renovated Interior Private Restrooms Laminate / Hard Surface Flooring Ideal for Healthcare, Therapy, or Administrative Use Flexible Layout / Buildout Potential Great for Owner-Users or Tenants Expanding Space Details Size: 1,199 Square Feet Condition: Renovated / Turnkey Flooring: Laminate throughout Restrooms: Private bathrooms Layout: Functional for exam rooms, private offices, or open workspace Ideal Uses Medical Practice Dental Office Physical Therapy / Wellness Counseling / Therapy Insurance / Legal Office General Professional Office Location Advantages Convenient access for clients and employees Positioned in an established commercial corridor Strong surrounding demographics and business presence Lease Information Competitive lease rates Flexible terms available Immediate occupancy
| Space | Size | Space Use | Build-Out | Available |
| 2nd Fl-Ste 103 | 1,199 SF | Office | Full Build-Out | Now |
2nd Fl-Ste 103
| Size |
| 1,199 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 103
| Size | 1,199 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Highly visible and professionally renovated 1,199 SF office suite available for lease. Ideal for medical, dental, wellness, or general office users, this space offers a clean, modern layout with immediate occupancy. Medical Office Space for Lease Dental Office Space Ready Professional Office Suite 1,199 SF Available Move-In Ready Condition Recently Renovated Interior Private Restrooms Laminate / Hard Surface Flooring Ideal for Healthcare, Therapy, or Administrative Use Flexible Layout / Buildout Potential Great for Owner-Users or Tenants Expanding Space Details Size: 1,199 Square Feet Condition: Renovated / Turnkey Flooring: Laminate throughout Restrooms: Private bathrooms Layout: Functional for exam rooms, private offices, or open workspace Ideal Uses Medical Practice Dental Office Physical Therapy / Wellness Counseling / Therapy Insurance / Legal Office General Professional Office Location Advantages Convenient access for clients and employees Positioned in an established commercial corridor Strong surrounding demographics and business presence Lease Information Competitive lease rates Flexible terms available Immediate occupancy
Property Taxes
| Parcel Number | 18-2107092 | Total Assessment | $683,392 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2026 |
Property Taxes
Presented by
Jada Management Llc
Eastern Avenue Medical & Dental Building | 601 Eastern Ave
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