408 Cynwood Dr Easton, MD 21601
- Specialty properties
- 1,500 SF
Current Use by Public Records
- Specialty properties
Property Details for 408 Cynwood Dr
- Year built
- 1996
- Property size
- 1,500 SF
- Property type
- Specialty properties
- Property subtype
- Medical space
Description
This fee-simple medical office condo, located at 408 Cynwood Drive in Easton, Maryland, presents a unique investment opportunity. The 1,500 square foot, single-unit building, built in 1996 and renovated in 2005, boasts a desirable location in Easton's medical district, conveniently situated off Route 50. Currently 100% occupied, the property offers a strong return on investment with an asking price of $489,000 ($326 per square foot and $489,000 per unit). The well-designed floor plan includes a waiting room, reception area, two restrooms, five office/exam spaces, a break room, equipment room, sterilization area, and a mechanical room. All rooms are plumbed for dental chairs and wired for digital dentistry, making it ideal for a variety of medical or professional uses. Shared costs cover common area maintenance, trash removal, lawn/landscaping, and water usage (prorated based on square footage among four units). Ample parking is available. The property is zoned "C" and features one story in a single building. This turnkey operation offers immediate income and significant potential for future growth within a thriving medical community. The property's excellent condition and prime location make it an attractive investment for both seasoned and new investors in the medical real estate market.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Easton
- County
- Talbot
- State
- Maryland
- Longitude
- -76.063
- Latitude
- 38.764