Active

Private Address

$1,150,000


$137.10 per sqft

Active

8,388 sqft

Commercial

Built in 1986

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

MDDO2006526

MLS ID

January 25, 2024

Listed

November 22, 2024

Updated

Map

Private Address

Interior Features

Interior Features

Carpet


Appliances

Electric Water Heater


Floor Description

Carpet


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Heat Pump, Electric

Exterior/Building Features

Lot Size

1.06 Acres


Lot Features

Corner Lot


Roof

Shingle


Sewer

Public Sewer

Other Property Details

Area Name

Cambridge


Taxes

$11,956


Tax Frequency

Annually


Days on Market

220


Garage

No


Parking

On Street


Parking Total

32


View

No


County

DORCHESTER


Water Source

Public


Pool

No


Zoning

Wide variety of allowed uses. See agent for details.

Listed by SVN/Miller Commercial Real Estate
Listing Contact: 4105432421 

The IDX display contains information sourced from the Bright MLS, Inc. as of 11/22/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 11/22/2024 at 3:50 AM UTC

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