Address
499 Idlewild Avenue, Easton, MD
Price
$ 7,000,000
Property Attributes
- MLS#MDTA2004014
- TypeCommercial
- CountyTALBOT
- CityEaston
- Zip21601
- StyleProfessional,Medical
- Year Built2021
- Taxes$ 38435
- Price$ 7,000,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage20000
Data Source:
Bright MLS
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
| Price History | |
|---|---|
| 10/3/2022 | Listed $5,390,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Heat Pump(s) |
| Cooling | Other |
| Possession | Negotiable |
| Zoning | COMMERCIAL |
| Construction Materials | Brick |
| Year Built | 2021 |
| Electric | Other |
| Property SubType | Office |
| Tax Year | 2023 |
| Current Use | Other |
| Percent Ownership | Other |
| Cool Fuel | Electric |
| Business Type | Professional,Medical,Other |
| Accessibility | Level Entry - Main |
| County | TALBOT |
| New Construction | No |
| Property Type | Commercial Sale |
| Water Access Y/N | No |
| Status | ACTIVE |
| Directions | Located just off US Route 50 in Easton on Idlewild Avenue. |
| ModificationTimestamp | 2024-03-04T15:33:59 |
| City | EASTON |
| Buyer Agent Compensation | 3 |
| Total Units | 1 |
| Tax Assessed Value | 3093400.0 |
| Waterfront Y/N | No |
| Street Name | IDLEWILD |
| Tax Annual Amount | 38435.0 |
| Property Condition | Excellent |
| Price Per Sq Ft | 350.0 |
| Vacation Rental Y/N | No |
| Days on Market | 576 |
| Standard Status | Active |
| Year Built Source | Assessor |
| Legal Subdivision | * |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Other |
|---|---|
| Hot Water | Other |
| Heating Y/N | Yes |
| Street Suffix | AVENUE |
| Central Air Y/N | No |
Exterior Features
| Water Source | Public |
|---|---|
| Total Parking Spaces | 90 |
| Type of Parking | Parking Lot |
| Land Use Code | I |
| Water View Y/N | No |
| Building Area Total | 20000.00 |
| Land Assessed Value | 481800.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| Fencing Y/N | No |
| Car Parking Spaces | 90 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 21601
Price
Taxes
Visits
Year Built
Walkscore
© BRIGHT, All Rights Reserved
