8579 Commerce DrEaston, MD 21601

Property Details for 8579 Commerce Dr

Year built

1993

Property size (Sq ft)

2,019 SF

Property type

Office properties

Property subtype

Other office properties

APN

01-079131

APU

1079131

Description

This exceptional 2,019 square foot medical office condo is ideally situated in Easton, Maryland, offering unparalleled visibility and convenience. Located just off the Easton bypass and in close proximity to major retail establishments, this property enjoys high traffic and excellent accessibility. The brick building features a desirable end unit configuration, providing both front and side entrances for optimal patient and staff flow. The interior offers ample space for a variety of medical practices, allowing for flexible layout configurations to suit individual needs. Currently available for immediate occupancy, this turnkey solution eliminates lengthy waiting periods and allows for a swift transition into your new practice. The property is meticulously maintained and benefits from a well-managed condominium association. Monthly condo fees are $521.24, encompassing $375.87 in monthly dues and $145.37 allocated to reserves, ensuring the long-term upkeep and value of the building. This represents a significant opportunity for medical professionals seeking a thriving location with immediate availability and minimal upfront investment beyond the purchase price. The strategic location, combined with the building's attractive features and manageable condo fees, makes this an exceptional investment opportunity in a desirable market. Don't miss this chance to establish or expand your practice in this highly sought-after Easton location.

• CAP approach

  CAP return

  Valuation

  6%

  $435,343

  6.5%

  $401,855

  7%

  $373,151

• Comparable approach

  Method

  Valuation

  Relative Method

  $127,015

  Geo Method

  $127,015

• Alternative Use

  Use

  Valuation

  Residential

  $498,300

  Hospitality

  $456,440

  Educational

  $379,753

  Medical

  $392,813

  Retail

  $590,727

Location Insight

City

Easton

County

Talbot

State

Maryland

Latitude

38.7844

Longitude

-76.0821

CBSA code

20660

CBSA name

EASTON, MD MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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