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499 Idlewild Ave
For Sale $7,000,000
$7,000,000
- 1 Units
- Unknown Sq Ft
- Unknown Sq Ft
- Unknown Cap Rate
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
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $7,000,000 |
| Property Type | Office |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 2021 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 2101027654 |
| MLS # | MDTA2004014 |
| Property ID | 293690692 |
| Lot Sqft | Unknown |
| Zoning | COMMERCIAL |
| Total Units | 1 |
| Days on Market | 883 |
| Original List Price | Unknown |
| Date Updated | January 07, 2025 |
| Date Created | October 02, 2022 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Chelsye Phillips-Hutton an agent of . Lic #5007104
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Data last updated: March 03, 2025.
Robert Crawford
REAL ESTATE AGENT