Commercial: MLS #MDDO2006526 Cambridge, MD $ 1,150,000
Commercial: MLS #MDDO2006526
$ 1,150,000
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Commercial: MLS #MDDO2006526

Cambridge, MD, 21613
$ 1,150,000
Baths0.0 Sq 8,000

Monthly Estimate*

$ 8,033

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Studio

Commercial Property for sale in Cambridge, MD

for $1,150,000. This 8,000 square foot building was built in 1986 on a lot size of 1.06.

This investment opportunity is anchored by a strong regional bank which could fit well as an investment for a business owner/occupant/investor who could occupy the vacant space and have a regional bank as your tenant with the rental income essentially paying for your mortgage! It could also fit very well in the traditional investor's existing portfolio. The property consists of a multi-tenant property in a well-known location in the up-and-coming Cambridge, MD currently going through a renaissance. The property is strategically located just 2-minutes from the historic charming downtown Cambridge and less than 60-seconds from the newly redeveloped "Cambridge Marketplace" with new tenants such as Starbucks, Chick-fil-a, and the future (under construction) home of University of Maryland Shore Medical Center (formerly Dorchester General Hospital). The property is anchored by a strong regional Bank, Summit Financial, and has been well maintained with the landscaping and parking lot recently completed, new HVAC units installed, and the interior of the bank fully remodeled in 2021. There is a high barrier to entry for banks in today's market and this has been a well-established bank location for nearly 40-years! High credit tenant / Well-known location / Very well maintained / Attractive curb appeal

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Commercial Active

Price

$ 1,150,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 11,776

Style

General Retail,,Professional,Auto Related,Conveni

Lot Size

1.06

Year Built

1986

Town/City

Cambridge

County/Region

Dorchester

MLS | Web ID

MDDO2006526

Features
Interior
Heating Fuel Electric
Flooring Carpet Luxury Vinyl Plank
Hot Water Electric
Heating Y/N Y
Street Suffix ROAD
Central Air Y/N Y
Entry Level 1
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General
Sewer Public Sewer
Heating Heat Pump(s)
Cooling Central A/C Heat Pump(s) Zoned
Utilities Electric Available Cable TV Available Phone Available Sewer Available Water Available
Possession Immediate Settlement Subject to Existing Lease
Roof Architectural Shingle
Zoning CORRIDOR MIXED-USE
Security Features Electric Alarm Security System Surveillance Sys
Construction Materials Brick
Year Built 1986
Property SubType Office
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality Cambridge
Business Type Other/General Retail Other Professional Auto Related Convenience Store/Gas Apartment Building
Accessibility Level Entry - Main 36 + wide Halls
County DORCHESTER
New Construction N
Property Type Commercial Sale
Possible Use Professional Service Financial Investment Mixed Use Office Other
Water Access Y/N N
Status ACTIVE
Directions Coming into Cambridge heading West turn right at the lighted interaction of Rt. 50 & Crusader Road go through the next stop sign and the building is at the next corner on your left. Coming into Camb
City CAMBRIDGE
Buyer Agent Compensation 3
Zoning Description Wide variety of allowed uses. See agent for details.
Lot Size Square Feet 46174.00
Waterfront Y/N N
Street Name CRUSADER
Tax Annual Amount 11776.0
Property Condition Excellent
Price Per Sq Ft 137.1
Acceptable Financing Conventional Cash Other
Lease Considered Y/N Y
Vacation Rental Y/N N
Days on Market 83
Location Type Corner Lot/Unit
Standard Status Active
Year Built Source Assessor
Tax Lot 1
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee N
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Exterior
Parking Features Handicap Parking Lighted Parking Paved Parking Private
Water Source Public
Inclusions Large board room conference table and chairs; built-in desks and cabinetry
Type of Parking Parking Lot On Street
Foundation Details Slab
Water View Y/N N
Building Area Total 8388.00
Lot Size Acres 1.06
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 196600.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 301
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* Excluded Features
List By
Svn/Miller Commercial Real Estate

Broker

wesley.cox@svn.com

Email

Affordability Calculator

$9,014
Per Month
89%
11%
0%
Monthly Principal & Interest
$8,033
Monthly Property Taxes
$981
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/25/2024$1,150,000 Listed Price

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