499 Idlewild Ave Easton, MD 21601
- Medical offices
- 4,600 SF
- 2.19 lot acres
Current Use by Public Records
- Shore Legal Access, formerly Mid-Shore Pro Bono / Legal Services
- O'Donnell Vein & Laser / Surgical Center / Laser Hair Removal Service
- CoreLife / Weight Loss Service / Health Consultant
- Regenerative Orthopedics and Sports Medicine / Sports Medicine Clinic
- Phoenix Physical Therapy / Physical Therapy Clinic
Property Details for 499 Idlewild Ave
- Year built
- 2021
- Construction
- WOOD
- Lot size
- 2.19 lot acres
- Property size
- 4,600 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 01-027654
- APU
- 1027654
Description
This exceptional Class A medical office building in Easton, Maryland, presents a compelling investment opportunity. The 20,000-square-foot property, constructed in 2021, boasts a prime location in the Easton medical corridor, just off Route 50 and near the University of Maryland Shore Medical Center. Currently 70% occupied, with a strong tenant roster holding leases exceeding five years, this multi-tenant building offers immediate income generation. Approximately 3,000 square feet of raw shell space provides flexibility for future leasing or owner-operation. The building's design exceeds building efficiency codes and includes ample parking. The asking price is $7,000,000, translating to $350 per square foot. This triple-net (NNN) leased property is projected to deliver a significant return on investment, based on market rates and standard escalation terms within the Easton professional market. The property's strategic location, coupled with its modern construction and strong tenant base, makes it an attractive asset for discerning investors seeking a high-yield, low-risk investment in a thriving medical market.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Easton
- County
- Talbot
- State
- Maryland
- Longitude
- -76.0694
- Latitude
- 38.7653
- CBSA code
- 20660
- CBSA name
- EASTON, MD MICROPOLITAN STATISTICAL AREA