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Address Not Available from Listing BrokerCambridge MD, 21613

(Active)
$1,150,000
|
8,388 sqft
|
MLS# MDDO2006526
Last Updated: 5/18/2024 6:54 AM
Description for Address Not Available from Listing Broker Cambridge, MD 21613
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
Price
$1,150,000
DORCHESTER
8,388 (approx)
MDDO2006526
Active
Description
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
Listing Information
Property Type: Office, Business Opportunities, Other
1.06 Acres 8,388 (approx) 1986
Brick
Slab
Public
Public Sewer
Cable Available
Neighborhood
Room Information
Interior Features
Electric Water Heater
Carpet
Central Air
Electric Heating, Heat Pump
Security System
Exterior / Lot Features
32 Parking Spaces, On Street
Brick
Shingle
Wide variety of allowed uses. See agent for detail
Corner Lot
Community Features
Security System
Driving 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 Cambridge heading East, turn left just past Popeyes at Dunkin Donuts onto Roslyn Ave, the property will be about 2-bocks down on the right
Financial Considerations
1007118694
$11,776
Listing Price History

Cambridge Real Estate

Cambridge is located in Maryland. Cambridge, Maryland 21613 has a population of 12,761.

The median household income in Cambridge, Maryland 21613 is $49,331. The median household income for the surrounding county is $54,052 compared to the national median of $66,222. The median age of people living in Cambridge 21613 is 44 years.

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Courtesy: SVN |Miller Commercial Real Estate
BRIGHT MLS - All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes.
This content last refreshed on 5/18/2024 6:54 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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