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Key Details
Sold Price $1,500,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 5,060 sqft
Price per Sqft $296
Subdivision Cynwood
MLS Listing ID MDTA2001178
Sold Date 07/05/22
Originating Board BRIGHT
Year Built 2000
Annual Tax Amount $9,270
Tax Year 2022
Property Description
Offered for sale is this 5,060 SF medical office building, well located in the center of the Mid-Shore's primary medical office corridor, surrounded by all major specialties. With eleven exam rooms, lab, large core office and reception areas, this is the only space in the market that can accommodate a four to five doctor practice.
The office was built as the home of one of the area's leading Primary Care groups, since acquired by the Anne Arundel Health System and relocated to their new pavilion. As such, the now vacant space could be immediately available for a tenant or tenants. Alternatively, as the building is still under contract with AAHS, a buyer could enjoy some of the strongest credit in the entire Easton marketplace through the end of 2023, allowing plenty of time to develop a new leasing program.
-Available for sale or lease
-Perfect 1031 replacement property
-Potential for subdivision into two separate offices
-Valuation and underwriting based on current market rent of $18.00
-24 months remaining on lease with AAHS
-Above market details to be provided under a non-disclosure agreement
Location
State MD
County Talbot
Zoning COMMERCIAL
Interior
Hot Water Electric
Heating Forced Air
Cooling Heat Pump(s)
Heat Source Electric
Exterior
Waterfront N
Water Access N
Roof Type Architectural Shingle
Accessibility No Stairs
Parking Type None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Talbot County Public Schools
Others
Tax ID 2101092685
Ownership Other
Special Listing Condition Short Sale
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Bought with Brian K Gearhart • Benson & Mangold, LLC