499 Idlewild Avenue, Easton, MD 21601 | MLS MDTA2004014 | Listing Information | Nestfully
Courtesy: Chelsye Phillips-Hutton - NAI Coastal; Phone: (410) 543-5115
FOR SALE
$7,000,000

499 Idlewild Avenue
Easton, MD 21601

20,000
Sq. Ft.
N/A
Acres Lot
Office, Business Opportunities
573 days on Nestfully 79 views
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
MDTA2004014
Office, Business Opportunities
Other
2021
TALBOT
Public
Brick
Public Sewer
Loading...
Courtesy: Chelsye Phillips-Hutton - NAI Coastal; Phone: (410) 543-5115
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 4/28/2024 6:14 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.