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499 Idlewild Avenue, Easton, MD 21601
$7,000,000
499 Idlewild Avenue, Easton, MD 21601View this property at 499 Idlewild Avenue, Easton, MD 21601
499 Idlewild AvenueEastonMD21601
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Property Description
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
Full Property Details
Full Property Details for 499 Idlewild Ave
General
- Price: $7,000,000
- Taxes: $38,435 (2023)
- Status: Active
- Type: Business
- MLS ID: MDTA2004014
- Updated: 3/4/2024
- Added to Site: 580 day(s) ago
Business
- Business Type: Professional, Medical, Other
Parking
- Total Spaces: 90
- Parking Type: Parking Lot
Location
- Municipality: Easton
- County: Talbot
- Driving Directions: Located just off US Route 50 in Easton on Idlewild Avenue.
- City Limits: Yes
Heating & Cooling
- Cooling Type: Other
- Cooling Fuel: Electric
- Heating Type: Heat Pump(s)
- Heating Fuel: Other
- Water Heater: Other
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Stories/Levels: 0
- Current Bldg. Use: Other
- Year Built: 2021
- Year Built Source: Assessor
- Property Condition: Excellent
Unit Information
- # Tenants: Multiple
Lot Features
- Zoning: COMMERCIAL
Financial Considerations
- Price Per Sq. Ft.: $350
- Assessment Year: 2023
- City/TownTax: $16,085
- City/TownTax Freq: Annually
- County Tax: $22,350
- County Tax Freq: Annually
- Tax w/Assessment: $3,093,400
- Tax Amount: $38,435
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Ownership: Other
Listed by NAI Coastal, Chelsye Phillips-Hutton
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Schools
Schools serving 499 Idlewild Ave
School District:Talbot County Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
305 Glenwood Ave, Easton, MD 21601 | PK-5 | 0.9 mi | |
201 Peach Blossom Ln, Easton, MD 21601 | 6-8 | 0.4 mi | |
Easton High School
723 Mecklenburg Ave, Easton, MD 21601 | 9-12 | 0.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 499 Idlewild Ave
Date
Details
Price
Change
Source
3/04/2024
Price Increased
$7,000,000
20.69%
MLS
6/13/2023
Price Increased
$5,800,000
7.61%
MLS
10/03/2022
Listed
$5,390,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 499 Idlewild Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$22,350
35%
$3,093,400
120%
2022
$16,570
523%
$1,403,067
2%
2020
$2,661
1%
$1,374,600
218%
2021
$2,639
—
$431,800
—
2020
$2,639
4%
$431,800
—
2019
$2,526
6%
$431,800
—
2018
$2,374
4%
$431,800
—
2017
$2,272
-9%
$431,800
-11%
2016
$2,500
-8%
$485,500
131%
2015
$2,707
161%
$210,500
—
2014
$1,036
—
$210,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 499 Idlewild Ave
499 Idlewild Avenue, Easton, MD 21601 (MLS# MDTA2004014) is a Business property. 499 Idlewild Avenue is currently listed for $7,000,000 and was received on October 03, 2022. Want to learn more about 499 Idlewild Avenue? Do you have questions about finding other Business real estate for sale in Easton? You can browse all Easton real estate or contact a Coldwell Banker agent to request more information.