Easton, MD 21601,555 CYNWOOD DR
Easton, MD 21601,555 CYNWOOD DR
Easton, MD 21601,555 CYNWOOD DR
Easton, MD 21601,555 CYNWOOD DR
Easton, MD 21601,555 CYNWOOD DR
Easton, MD 21601,555 CYNWOOD DR
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$1,500,000

$1,500,000

Est.Price: ?

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Est. payment /mo

5,060 SqFt


SOLD DATE : 07/05/2022

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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Bright MLS (BMLS)
Listed by Robert H Greenlee • SVN |Miller Commercial Real Estate
Bought with Brian K Gearhart • Benson & Mangold, LLC
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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josh@yorkadamsrealestate.com

914 S. Pine St, Suite 3, York, York, PA, USA

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