Property

Cambridge, MD 21613

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Presented By: SVN/Miller Commercial Real Estate
  • MLS# MDDO2006526
  • 01/25/2024
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  • SQFT • 8,000

Home Details

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
Presented By: SVN/Miller Commercial Real Estate

Interior Features for

Other Interior Features

Central Air Y/NYes
FlooringCarpet, Luxury Vinyl Plank
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric

Other Rooms

Entry Level1

General for

Acceptable FinancingConventional, Cash, Other
AccessibilityLevel Entry - Main, 36 + wide Halls
Association Recreation FeeN
Business TypeOther/General Retail, Other, Professional, Auto Related, Convenience Store/Gas, Apartment Building
CityCAMBRIDGE
Construction MaterialsBrick
Cool FuelElectric
CoolingCentral A/C, Heat Pump(s), Zoned
CountyDORCHESTER
DirectionsComing 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
HeatingHeat Pump(s)
Lease Considered Y/NYes
Location TypeCorner Lot/Unit
Lot Size Square Feet46174.00
Lot Size UnitsSquare Feet
ModificationTimestamp2025-07-29T16:03:07
MunicipalityCambridge
New ConstructionNo
OwnershipFee Simple
PossessionImmediate, Settlement, Subject to Existing Lease
Possible UseProfessional Service, Financial, Investment, Mixed Use, Office, Other
Price Per Sq Ft Total AG137.1
Property ConditionExcellent
Property SubtypeOffice
Property TypeCommercial Sale
RoofArchitectural Shingle
Security FeaturesElectric Alarm, Security System, Surveillance Sys
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount11956.0
Tax Assessed Value646867.0
Tax Lot1
Tax Year2024
UtilitiesElectric Available, Cable TV Available, Phone Available, Sewer Available, Water Available
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1986
Year Built SourceAssessor
ZoningCORRIDOR MIXED-USE

Exterior for

Building Area Total8388.00
Car Parking Spaces32
Foundation DetailsSlab
InclusionsLarge board room conference table and chairs; built-in desks and cabinetry
Land Assessed Value196600.00
Land Use CodeC
Lot Size Acres1.06
Lot Size SourceAssessor
Navigable Water Y/NNo
Parking FeaturesHandicap Parking, Lighted Parking, Paved Parking, Private
Road Frontage Length500
Total Loading Docks0
Total Parking Spaces32
Type of ParkingParking Lot, On Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Karina Gil

Associate
Price $1,150,000
MLS#MDDO2006526
List Date 01/25/2024
Property Type Commercial
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