$7,000,000

499 Idlewild Ave, Easton, MD, 21601

20,000

Square feet

499 Idlewild Ave., Easton, MD Is a unique opportunity to own recently built, triple-net, commercial real estate in the Easton medical and professional corridor. This acquisition provides investors with an income-producing property consisting of a 20,000 square foot building constructed in 2019, offering 85% occupancy with a remaining +/- 3,000 square feet to lease or operate. Present tenants all exceed five-year terms with strong financial and tenancy records. This property has the potential to provide a significant Return on Investment within the first few years of ownership, following a projected Pro Forma which reflects market rate and standard escalation and terms in the Easton professional space market. The remaining vacant +/-3,000 square feet is in raw shell condition, providing future tenants optimal architectural and construction flexibility in designing their individualized floor plans. Acquiring this property provides investors with 20,000 square feet of Class A medical and professional office, constructed to exceed building efficiency code requirements and provide ample parking. This building's proximity to Route 50, the University of Maryland Shore Medical Center (0.50 miles), and downtown Easton offers easily-accessed amenities and quality restaurant options, making this an attractive option for any tenant seeking space within this market

Facts & Features

MLS® # MDTA2004014
Price $7,000,000
Bathrooms 0.00
Square Footage 20,000
Acres 0.00
Year Built 2021
Type Commercial Sale
Sub-Type Office
Status Active

Community Information

Address 499 Idlewild Ave
City Easton
County TALBOT-MD
State MD
Municipality Easton
Zip Code 21601
Senior Community No

Amenities

Is Waterfront No

Interior

Heating Heat Pump(s)
Cooling Other
Has Basement No
Fireplace No

Exterior

Exterior Brick and Siding

School Information

District TALBOT COUNTY PUBLIC SCHOOLS

Additional Information

Date Listed October 3rd, 2022
Days on Market 566
Zoning COMMERCIAL
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeNAI Coastal
Contact Info(410) 543-5115

Listing Map

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