499 Idlewild Ave, EASTON

$7,000,000

0 Beds
0 Baths
20,000 Sqft
0 Acres
0 Garages

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

Essential Information
MLS® #MDTA2004014
Price$7,000,000
Bathrooms0.00
Square Footage20,000
Acres0.00
Year Built2021
TypeCommercial Sale
Sub-TypeOffice
StatusActive
Community Information
Address499 Idlewild Ave
CityEASTON
CountyTALBOT-MD
StateMD
MunicipalityEaston
Zip Code21601
Interior
HeatingHeat Pump(s)
CoolingOther
Exterior
ExteriorBrick and Siding
School Information
DistrictTALBOT COUNTY PUBLIC SCHOOLS
Additional Information
ZoningCOMMERCIAL
Listing Details
OfficeNAI Coastal
Office Contact(410) 543-5115
Property History
Price Increased from $5,800,000 to $7,000,000
Price Increased from $5,390,000 to $5,800,000
LISTING MAP

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Listing information last updated on December 23rd, 2024 at 8:45am EST.

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