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$3,650,000
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Property Description
Introducing the Frederick Professional Medical Center located at 46B Thomas Johnson Frederick, MD 21702. This rare investment opportunity offers a free-standing, 2-story medical building in the heart of the bustling Frederick Medical Corridor. Currently, the first floor houses Maryland Oncology Hematology, an esteemed affiliate of the US Oncology Network, with 15 other locations. With 104 parking spots and a total lot size of 1.89 acres, this property presents a chance to secure a credit tenant for mortgage payments while enjoying a 10,000 SF vacant unit ideal for personalized use, originally built as a radiology center. Strategically positioned adjacent to Route 15, with high visibility from 11,000 vehicles daily and surrounded by the prestigious John Hopkins Community Physicians, the Frederick Professional Medical Center boasts a prime location. Within a 10-minute drive, you'll find a population of 66,136 with a median household income of $87,432 and a median net worth of $212,274. Don't miss out on this lucrative opportunity in the $187 million medical healthcare market! IMPORTANT: Do not disturb the tenant upstairs. All showings are done through the listing agent. *Free-Standing 2-Story Medical Building *Brand New Roof installed in 2023 *$303,918/year NOI in 2024 *3% Escalation Annually *Proforma NOI $498,000/year *Across from John Hopkins Community Physicians Building *Adjacent to Route 15 *Visible by 11,000 Vehicle Per Day *Located in Frederick Medical Corridor
Full Property Details
Full Property Details for 46 Thomas Johnson Dr
General
- Sold For: $3,650,000
- Taxes: $69,734 (2023)
- Status: Closed
- Type: Business
- Source: BrightMLSMidAtlantic
- MLS ID: MDFR2064106
- Added to Site: 253 day(s) ago
Business
- Business Type: Day Care Facility, Flex, Health Club, Institutional, M
Parking
- Total Spaces: 104
- Parking Type: Parking Lot
Location
- Municipality: Frederick City
- County: Frederick
- Driving Directions: use GPS
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Concrete
- Stories/Levels: 0
- Year Built: 2002
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 1.89
- Lot Size (Sq. Ft.): 82,328
- Lot Size Source: Estimated
- Zoning: GC
Financial Considerations
- Price Per Sq. Ft.: $197.5
- Assessment Year: 2023
- City/TownTax: $28,439
- City/TownTax Freq: Annually
- County Tax: $41,294
- County Tax Freq: Annually
- Tax w/Assessment: $3,990,000
- Tax Amount: $69,734
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 4C
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Price & Sales History for 46 Thomas Johnson Dr
Date
Details
Price
Change
Source
8/04/2025
Sold
$3,650,000
-7.59%
MLS
5/08/2025
Listed
$3,950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
46 Thomas Johnson Drive, Frederick, MD 21702 (MLS# MDFR2064106) is a Business property that was sold at $3,650,000 on August 04, 2025. This property was listed by Deniz Senyurt from our Fairfax County Regional Office Office.Want to learn more about 46 Thomas Johnson Drive? Do you have questions about finding other Business real estate for sale in Frederick? You can browse all Frederick real estate or contact a Coldwell Banker agent to request more information.


