499 Idlewild Ave, Easton, MD 21601
- Medical Office Space
- 4,600 SF
- 2.19 lot acres
Current Use by Public Records
- Shore Legal Access, formerly Mid-Shore Pro Bono / Law Firm
- O'Donnell Vein & Laser / Medical Clinic / Hospital
- CoreLife / Weight Loss Service / Health Consultant
- Regenerative Orthopedics and Sports Medicine / Medical Clinic / Physician
- Phoenix Physical Therapy / Medical Clinic
Property Details for 499 Idlewild Ave
- Year built
- 2021
- Construction
- WOOD
- Lot size
- 2.19 lot acres
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 01-027654
- APU
- 1027654
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 12, 2019 | — | Achievement Park LLC | — | Deed · related | $3M · 1880 Bk |
| — | — | Achievement Park LLC | — | Deed Of Trust · related | $300k · M&t Bk |
| — | — | Achievement Park LLC | — | Deed Of Trust · related | $3M · 1880 Bk |
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 Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,344,000
Market price range: $319k - $1.34M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $910,000 Current use
- OFFICE BUILDING
- $825,000 Change: -9% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
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
