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Address Not Available By Request

CAMBRIDGE, MD 21613
  • $1,150,000
  • STATUS: Active
  • ON SITE: 116 Days
  • ID#: MDDO2006526
UPDATED: 93 min ago
$1,150,000
  • 0
    BEDS
  • 1.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1986
County:

School Information

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

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Capital Properties. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-05-21T08:51:20.867.
www.mbekrealtor.com/homes/146943800
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Address Not Available By Request CAMBRIDGE, MD 21613

  • Price: $1,150,000
  • Status: Active
  • On Site: 116 Days
  • Updated: 93 min ago
  • ID#: MDDO2006526
0
Beds
0
Baths
0
½ Baths
1.06
Acres
1986
Built
County:
Dorchester
High School:
Cambridge-South Dorchester
School District:
Dorchester County Public Schools
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
Exterior Features

Construction Materials Brick Garage YN No Location Type Corner Lot/Unit Parking Features Handicap ParkingLighted ParkingPaved ParkingPrivate Parking Types Parking LotOn Street Property Condition Excellent Roof Architectural Shingle Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 8388.00 Cooling Central A/CHeat Pump(s)Zoned Flooring CarpetLuxury Vinyl Plank Heating Heat Pump(s) Heating YN Yes Inclusions Large board room conference table and chairs; built-in desks and cabinetry Net Square Feet 8000.00 Security Features Electric AlarmSecurity SystemSurveillance Sys

Property Features

Acceptable Financing ConventionalCashOther Accessibility Features Level Entry - Main36"+ wide Halls Central Air YN Yes Cooling Fuel Electric Entry Level 1 Foundation Details Slab Heating Fuel Electric Hot Water Electric Lease Considered YN Yes Municipality Cambridge Navigable Water YN N New Construction YN No Original MLSNumber 802831552080 Ownership Interest Fee Simple Property Sub Type Office Sale Type Standard Sewer Public Sewer Tax Annual Amount 11776.00 Tax Lot 1 Utilities Electric AvailableCable TV AvailablePhone AvailableSewer AvailableWater Available Vacation Rental YN No Water Source Public Year Built Effective 2021 Zoning CORRIDOR MIXED-USE Zoning Description Wide variety of allowed uses. See agent for details.

Listing courtesy of SVN/Miller Commercial Real Estate: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Capital Properties. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-05-21T08:51:20.867.
 
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Keller Williams Capital Properties
4031 University Dr. #500
Fairfax VA, 22030