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
October 2, 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
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Data last updated on 10/2/2024 at 6:53 AM UTC