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Cambridge,MD 21613
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,411 sqft
Price per Sqft $54
MLS Listing ID MDDO2009432
Year Built 1930
Available Date 2025-06-02
Annual Tax Amount $1,540
Tax Year 2024
Lot Size 4,100 Sqft
Acres 0.09
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Priced at just $239,900, this prime commercial building in downtown Cambridge, MD offers exceptional income potential and long-term upside. Situated on a prominent corner lot in a high-traffic area, the property currently features three separate units with the flexibility to convert into as many as five income-producing spaces as this building has 5 individual electrical meters.
The main unit was leased at $2,200/month and operated as a restaurant/bar, but is in the process of vacating. This large unit could also be subdivided into three individual commercial spaces, significantly increasing the overall rental yield.
Two additional units have been recently renovated and are located at the rear of the building. One is an upstairs unit well-suited for office or studio use, while the other is a ground-level storefront ideal for retail or service tenants. Both are currently being offered for lease.
With its corner lot location, strong visibility, and flexible layout, this property presents an ideal opportunity for investors looking to expand their portfolio with a multi-unit asset in a growing market. Whether you're looking for immediate cash flow, future development potential, or a combination of both, this building checks all the boxes.
Don't miss out on this rare value-add opportunity in the heart of downtown Cambridge.
Location
State MD
County Dorchester
Zoning D
Interior
Hot Water Electric
Heating Wall Unit
Cooling Ductless/Mini-Split
Heat Source Electric
Exterior
Water Access N
Accessibility 36\"+ wide Halls
Garage N
Building
Lot Description Corner
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Dorchester County Public Schools
Others
Tax ID 1007158866
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Standard