For Sale
$7,000,000

499 Idlewild AveEaston, MD 21601

Class A Medical Office, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • Brand new, Class A construction.
  • Excellent income-producing property.
  • Prime location in Easton, MD's medical corridor, directly accessible from Route 50.

Property Details for 499 Idlewild Ave

Property type
Office properties, Medical offices
Square Feet
20,000 SF
Class
A
Year Built
2021
Stories
1

Location Insight

City
Easton
County
Talbot
State
Maryland
Latitude
38.7650852
Longitude
-76.069332
499 Idlewild Ave, Easton, Maryland

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499 Idlewild Ave
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