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$7,000,000
580 Days Online

499 Idlewild Avenue
Easton, MD 21601

For Sale|Commercial|Active
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
2021
Built
County:
Talbot

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499 Idlewild Avenue499 Idlewild Avenue499 Idlewild Avenue499 Idlewild Avenue
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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

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Listing Snapshot
Price 
$7,000,000
Days Online 
580 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
2021
MLS® Number 
MDTA2004014
Status 
Active
Property Tax 
$38,435
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 hours agoListing updated with changes from the MLS®
2 months agoPrice changed to $7,000,000
11 months agoPrice changed to $5,800,000
2 years agoListing first seen online
General Features
Water 
Public
Sewer 
Public Sewer
Electric 
Other
Construction Materials 
Brick
Zoning 
COMMERCIAL
Interior Features
Heating 
Heat Pump(s)
Cooling 
Other
Central Air 
No
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Community Features
Accessibility Features 
Level Entry - Main
Listing courtesy of NAI Coastal (410) 543-5115



The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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