MD > Cambridge
Cambridge, MD 21613,Address not disclosed
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Cambridge, MD 21613,Address not disclosed
Cambridge, MD 21613,Address not disclosed
Cambridge, MD 21613,Address not disclosed
Cambridge, MD 21613,Address not disclosed
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Tracy Marshall

Tracy Marshall

+1(443) 306-7673
$ 1,150,000
Est. payment /mo
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Active

Address not disclosed Cambridge, MD 21613

8,388 SqFt

UPDATED:

08/31/2024 05:32 AM

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 8,388 sqft

Price per Sqft $137

MLS Listing ID MDDO2006526

Originating Board BRIGHT

Year Built 1986

Annual Tax Amount $11,956

Tax Year 2024

Lot Size 1.060 Acres

Acres 1.06

Property 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

Location

State MD

County Dorchester

Zoning CORRIDOR MIXED-USE

Interior

Hot Water Electric

Heating Heat Pump(s)

Cooling Central A/C, Heat Pump(s), Zoned

Flooring Carpet, Luxury Vinyl Plank

Inclusions Large board room conference table and chairs; built-in desks and cabinetry

Heat Source Electric

Exterior

Garage Spaces 32.0

Utilities Available Electric Available, Cable TV Available, Phone Available, Sewer Available, Water Available

Waterfront N

Water Access N

Roof Type Architectural Shingle

Accessibility Level Entry - Main, 36\"+ wide Halls

Total Parking Spaces 32

Garage N

Building

Foundation Slab

Sewer Public Sewer

Water Public

New Construction N

Schools

High Schools Cambridge-South Dorchester

School District Dorchester County Public Schools

Others

Tax ID 1007118694

Ownership Fee Simple

SqFt Source Assessor

Security Features Electric Alarm,Security System,Surveillance Sys

Acceptable Financing Conventional, Cash, Other

Listing Terms Conventional, Cash, Other

Financing Conventional,Cash,Other

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Wesley Cox • SVN |Miller Commercial Real Estate

Tracy Marshall

License ID: 678268

+1(443) 306-7673

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