MD > Easton
Easton, MD 21601,499 IDLEWILD AVE
Easton, MD 21601,499 IDLEWILD AVE
Easton, MD 21601,499 IDLEWILD AVE
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$7,000,000
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20,000 SqFt
Active

499 IDLEWILD AVE Easton, MD 21601

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Melissa Roswell

Melissa Roswell

+1(856) 904-9502

UPDATED:

08/14/2024 07:58 AM

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 20,000 sqft

Price per Sqft $350

MLS Listing ID MDTA2004014

HOA Y/N N

Originating Board BRIGHT

Year Built 2021

Annual Tax Amount $38,435

Tax Year 2023

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 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

Location

State MD

County Talbot

Zoning COMMERCIAL

Interior

Hot Water Other

Heating Heat Pump(s)

Cooling Other

Heat Source Other

Exterior

Garage Spaces 90.0

Waterfront N

Water Access N

Accessibility Level Entry - Main

Parking Type Parking Lot

Total Parking Spaces 90

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Talbot County Public Schools

Others

Tax ID 2101027654

Ownership Other

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Chelsye Phillips-Hutton • NAI Coastal

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Melissa Roswell

Agent | License ID: 1540788

+1(856) 904-9502

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499 IDLEWILD AVE

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