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Eastern Avenue Medical & Dental Building 601 Eastern Ave 6,336 SF 40% Leased Office Building Fairmount Heights, MD 20743 $1,681,272 CAD ($265.35 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
# Private Office Suite for Lease – 800 Sq. Ft. with Full Kitchen & Bathroom ## Quiet, Private Office Suite in a Professional Mixed-Use Office & Medical Building Now available is an **approximately 800-square-foot second-floor office suite** located in a well-maintained **mixed-use office and medical building**. This unique space offers the privacy and comfort of an apartment while providing a professional business setting. With its **own private entrance**, it is ideal for businesses that value discretion and convenience. ### Suite Features: * Approximately **800 square feet** * Located on the **second floor** * **Private exterior entrance** * **Full kitchen** with cabinets and ample counter space * **Full bathroom** with a bathtub and shower * Spacious open layout that can be configured for private offices, consultation rooms, or an open workspace * Abundant natural light * Quiet, private environment * Excellent visibility with **high traffic exposure from Eastern Avenue**, providing outstanding visibility and brand recognition for your business * Ample on-site parking for tenants and visitors ### Ideal For: * Medical or wellness professionals * Therapists or counselors * Attorneys * Accountants * Insurance agencies * Real estate professionals * Consultants * Architects and designers * Remote professionals * Other professional office users Located within a **mixed-use office and medical building**, this suite offers a professional atmosphere while maintaining the privacy and comfort of a stand-alone office. Situated just off **Eastern Avenue**, the property benefits from excellent accessibility and significant daily traffic exposure, making it an ideal location for businesses seeking both convenience and visibility. **Available:** Immediately **Contact us today** to schedule a private tour or request additional information.
| Space | Size | Space Use | Build-Out | Available |
| 2nd Fl-Ste 105 | 800 SF | Office/Medical | Full Build-Out | Now |
2nd Fl-Ste 105
| Size |
| 800 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 105
| Size | 800 SF |
| Space Use | Office/Medical |
| Build-Out | Full Build-Out |
| Available | Now |
# Private Office Suite for Lease – 800 Sq. Ft. with Full Kitchen & Bathroom ## Quiet, Private Office Suite in a Professional Mixed-Use Office & Medical Building Now available is an **approximately 800-square-foot second-floor office suite** located in a well-maintained **mixed-use office and medical building**. This unique space offers the privacy and comfort of an apartment while providing a professional business setting. With its **own private entrance**, it is ideal for businesses that value discretion and convenience. ### Suite Features: * Approximately **800 square feet** * Located on the **second floor** * **Private exterior entrance** * **Full kitchen** with cabinets and ample counter space * **Full bathroom** with a bathtub and shower * Spacious open layout that can be configured for private offices, consultation rooms, or an open workspace * Abundant natural light * Quiet, private environment * Excellent visibility with **high traffic exposure from Eastern Avenue**, providing outstanding visibility and brand recognition for your business * Ample on-site parking for tenants and visitors ### Ideal For: * Medical or wellness professionals * Therapists or counselors * Attorneys * Accountants * Insurance agencies * Real estate professionals * Consultants * Architects and designers * Remote professionals * Other professional office users Located within a **mixed-use office and medical building**, this suite offers a professional atmosphere while maintaining the privacy and comfort of a stand-alone office. Situated just off **Eastern Avenue**, the property benefits from excellent accessibility and significant daily traffic exposure, making it an ideal location for businesses seeking both convenience and visibility. **Available:** Immediately **Contact us today** to schedule a private tour or request additional information.
Property Taxes
| Parcel Number | 18-2107092 | Total Assessment | $697,308 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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