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499 Idlewild Avenue

EASTON, MD 21601
  • $5,390,000
  • STATUS: Active
  • ON SITE: 57 Days
  • ID#: MDTA2004014
UPDATED: 41 min ago
$5,390,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
2021
County:

School Ratings & Info

School District:

Description

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 squarefoot building constructed in 2019, offering 50% occupancy with a remaining 10,000 square feet tolease 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 yearsof ownership, following a projected Pro Forma which reflects market rate and standard escalation andterms in the Easton professional space market.The remaining vacant 10,000 square feet is in raw shell condition, providing future tenants optimalarchitectural and construction flexibility in designing their individualized floor plans.Acquiring this property provides investors with 20,000 square feet of Class A medical and professionaloffice, constructed to exceed building efficiency code requirements and provide ample parking. Thisbuilding's proximity to Route 50, the University of Maryland Shore Medical Center (0.50 miles), anddowntown Easton offers easily-accessed amenities and quality restaurant options, making this anattractive option for any tenant seeking space within this market

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ExecuHome Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-11-30T17:52:23.177.
www.execuhome.com/homes/133621765
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499 Idlewild Avenue EASTON, MD 21601

  • Price: $5,390,000
  • Status: Active
  • On Site: 57 Days
  • Updated: 41 min ago
  • ID#: MDTA2004014
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2021
Built
County:
Talbot
School District:
Talbot County Public Schools
Property Description
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 squarefoot building constructed in 2019, offering 50% occupancy with a remaining 10,000 square feet tolease 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 yearsof ownership, following a projected Pro Forma which reflects market rate and standard escalation andterms in the Easton professional space market.The remaining vacant 10,000 square feet is in raw shell condition, providing future tenants optimalarchitectural and construction flexibility in designing their individualized floor plans.Acquiring this property provides investors with 20,000 square feet of Class A medical and professionaloffice, constructed to exceed building efficiency code requirements and provide ample parking. Thisbuilding's proximity to Route 50, the University of Maryland Shore Medical Center (0.50 miles), anddowntown Easton offers easily-accessed amenities and quality restaurant options, making this anattractive option for any tenant seeking space within this market
Exterior Features

Construction Materials Brick Garage YN No Parking Types Parking Lot Property Condition Excellent Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 20000.00 Cooling Other Heating Heat Pump(S) Heating YN Yes Net Square Feet 20000.00

Property Features

Accessibility Features Level Entry - Main Assessment Year 2022 Association YN No Business Type ProfessionalMedicalOther Central Air YN No Cooling Fuel Electric Current Use Other Electric Other Heating Fuel Other Hot Water Other Municipality Easton Navigable Water YN N New Construction YN No Number Of Units Total 1 Original MLSNumber 801889675692 Ownership Interest Other Possession Negotiable Property Sub Type Office Sale Type Standard Sewer Public Sewer Tax Annual Amount 16570.00 Tax Assessment Amount 1403067.00 Vacation Rental YN No Water Source Public Zoning Commercial

Listing courtesy of Nai Coastal: .


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ExecuHome Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-11-30T17:52:23.177.
 
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