Active

499 Idlewild Ave

Easton MD, 21601

$7,000,000


$350.00 per sqft

Active

20,000 sqft

Commercial

Built in 2021

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

MDTA2004014

MLS ID

October 3, 2022

Listed

October 2, 2024

Updated

Map

499 Idlewild Ave
Easton MD, 21601

Other Property Details

Area Name

Easton


Taxes

$38,435


Tax Frequency

Annually


Days on Market

682


Garage

No


Parking Total

90


View

No


County

TALBOT


Water Source

Public


Pool

No

Listing History

Date

Event

Price

3/4/2024

Price change

$7,000,000

20%

Listed by NAI Coastal
Listing Contact: 4435130682 

The IDX display contains information sourced from the Bright MLS, Inc. as of 10/2/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 10/2/2024 at 6:54 AM UTC

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