499 Idlewild Ave
Easton, Maryland, 21601, United States
20,000 ft²
- acres
- beds
- baths
Property Provided By
- Chelsye Phillips-Hutton
- NAI Coastal
- +1 (443) 513-0682
$42,000 cashback!
Property Information
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
Directions
Located just off US Route 50 in Easton on Idlewild Avenue.
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Listing Information © 2024 BrightMLS. All Rights Reserved.
Courtesy of Chelsye Phillips-Hutton, NAI Coastal chelsye@naicoastal.com
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available.
This content last updated on 2024-07-24 01:53:54.
Property Provided By
- Chelsye Phillips-Hutton
- NAI Coastal
- +1 (443) 513-0682
$42,000 cashback!
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