• 549 days on site
  • 315 views

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

Listed by:

NAI Coastal

Source: BRIGHT MLS, MLS#: MDTA2004014

  • Property Type
    CommercialSale
  • Price / Sq Ft
    $350

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Janet Larson
  • Median Age
    49
  • Population Density
    179
  • College Educated
    47%
  • Estimated Median Monthly Income
    $68,781
  • Estimated Total Home Owners
    6,877
  • Estimated Total Renters
    3,725
  • Owner / Renter Divide
    65% / 35%
  • Estimated Average Household Size
    2
  • Total Population
    23,338
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
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*Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Life at 499 IDLEWILD AVENUE


Schools

2
Easton Elementary
  • Grades: PK-5
  • Public
2
Easton Middle
  • Grades: 6-8
  • Public
1
Easton High
  • Grades: 9-12
  • Public
School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

History

Date Event Value Agent
3/4/2024Source: BRIGHT MLS Price Increase
$7,000,000 20.7%
6/13/2023Source: BRIGHT MLS Price Increase
$5,800,000 7.6%
10/11/2022Source: BRIGHT MLS Added to Database
October 11, 2022