About N/A
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
Features of N/A
| MLS® # | MDDO2006526 |
|---|---|
| Price | $1,150,000 |
| Bathrooms | 0.00 |
| Square Footage | 8,000 |
| Acres | 1.06 |
| Year Built | 1986 |
| Type | Commercial Sale |
| Sub-Type | Office |
| Status | Active |
Community Information
| Address | N/A |
|---|---|
| City | CAMBRIDGE |
| County | DORCHESTER-MD |
| State | MD |
| Municipality | Cambridge |
| Zip Code | 21613 |
Amenities
| Utilities | Electric Available, Cable TV Available, Phone Available, Sewer Available, Water Available |
|---|---|
| Parking | Handicap Parking, Lighted Parking, Paved Parking, Private |
| Is Waterfront | No |
Interior
| Heating | Heat Pump(s) |
|---|---|
| Cooling | Central A/C, Heat Pump(s), Zoned |
| Has Basement | No |
| Fireplace | No |
Exterior
| Exterior | Brick and Siding |
|---|---|
| Roof | Architectural Shingle |
| Foundation | Slab |
School Information
| District | DORCHESTER COUNTY PUBLIC SCHOOLS |
|---|---|
| High | CAMBRIDGE-SOUTH DORCHESTER |
Additional Information
| Date Listed | January 25th, 2024 |
|---|---|
| Days on Market | 629 |
| Zoning | CORRIDOR MIXED-USE |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | SVN |Miller Commercial Real Estate |
|---|---|
| Contact Info | 410-543-2440 |