r1_topleft r1_topmid r1_topright
r2_left
r3_left r3_mid r3_right
fill
fill

r4_mid

499 Idlewild Avenue,  Easton MD, 21601

(Active)
$7,000,000
|
20,000 sqft
|
MLS# MDTA2004014
Last Updated: 5/18/2024 9:19 AM
Description for 499 Idlewild Avenue Easton, MD 21601
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 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 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
Price
$7,000,000
TALBOT
20,000 (approx)
MDTA2004014
Active
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 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 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
Listing Information
Property Type: Office, Business Opportunities, Other
20,000 (approx) 2021 Brick
Public
Public Sewer
1 Total
Neighborhood
Room Information
Exterior / Lot Features
90 Parking Spaces,
Brick
Driving Directions
Located just off US Route 50 in Easton on Idlewild Avenue.
Financial Considerations
2101027654
$38,435
Listing Price History

Easton Real Estate

Easton is located in Maryland. Easton, Maryland 21601 has a population of 16,141.

The median household income in Easton, Maryland 21601 is $72,307. The median household income for the surrounding county is $76,468 compared to the national median of $66,222. The median age of people living in Easton 21601 is 48 years.

Loading nearby sales and history ...
Courtesy: NAI Coastal
BRIGHT MLS - All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes.
This content last refreshed on 5/18/2024 9:19 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

Ask a Question?
Send Now
Start a no spam email conversation

fill



©2001-2005 Community Website, 27081 Aliso Creek Road, Suite 200, Aliso Viejo, CA 92656. All rights reserved.

Email:rdesksupport@realestatedigital.com
fill