506 Brookletts AveEaston, MD 21601

Property Details for 506 Brookletts Ave

Year built

1978

Construction

BRICK

Lot size

0.96 AC

Property size (Sq ft)

8,512 SF

Property type

Office buildings

APN

01-052160

APU

1052160

Description

This exceptional 7,500 square foot flex space property in Easton, Maryland, presents a unique investment opportunity. Located at 506 Brookletts Ave, this Class B property, built in 1978, comprises two buildings on one acre of land, offering a total of 20 suites across two stories. The property features six drive-in bays and 25 parking spaces, catering to diverse business needs. Currently, 7,500 square feet is available for lease. The minimum leasable space is the entire 7,500 square feet. Building A includes a first-floor retail storefront ranging from 1,800 to 2,200 square feet, complete with office space and a fireproof walk-in safe. The second floor of Building A offers up to 15 individual offices, adaptable to various configurations, ideal for startups, individual professionals, or manufacturers' representatives. The property is situated within an Opportunity Zone and the new East End Small Area Plan, offering significant potential for growth and development. Zoned BC, the property's APN is 2101052160. Three units are currently leased. This property offers a compelling blend of retail and office space, making it an attractive option for a variety of businesses. The property's location at the intersection of Brookletts Avenue and Kemp Street in Easton, Maryland, zip code 21601, provides convenient access to local amenities and transportation routes.

• CAP approach

  CAP return

  Valuation

  6%

  $2,080,100

  6.5%

  $1,920,090

  7%

  $1,782,940

• Comparable approach

  Method

  Valuation

  Relative Method

  $535,490

  Geo Method

  $535,490

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,574,250

  Retail / Commercial

  $1,873,180

  Mixed-Use / Specialty

  $1,898,280

  Hospitality / Lodging

  $1,434,070

  Institutional / Educational

  $1,984,800

  Residential Income

  $2,322,210

  Multifamily

  $2,608,980

  Automotive / Energy

  $1,701,260

  Parking / Income-Based Land

  $555,690

  Restaurant / Food Service

  $1,055,120

  Healthcare / Senior Housing

  $1,914,060

Location Insight

City

Easton

County

Talbot

State

Maryland

Latitude

38.7702

Longitude

-76.0671

CBSA code

20660

CBSA name

EASTON, MD MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].