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Cambridge,MD 21613
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
Year Built 1986
Annual Tax Amount $11,956
Tax Year 2024
Lot Size 1.060 Acres
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
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
Building
Foundation Slab
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Cambridge-South Dorchester
School District Dorchester County Public Schools
Others
Acceptable Financing Conventional,Cash,Other
Listing Terms Conventional,Cash,Other
Special Listing Condition Standard