Listed By:
SVN/Miller Commercial Real Estate
Address
Not Disclosed, Cambridge, MD
Price
$ 1,150,000
Property Attributes
  • MLS#MDDO2006526
  • TypeCommercial
  • CountyDORCHESTER
  • CityCambridge
  • Zip21613
  • StyleGeneral Retail,,Professional,Auto Related,Conveni
  • Year Built1986
  • Taxes$ 11776
  • Price$ 1,150,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage8000
  • Lot Size1.06 Acres
Data Source:
Bright MLS
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

Price History
1/25/2024 Listed $1,150,000

General Features

Sewer Public Sewer
Heating Heat Pump(s)
Cooling Central A/C,Heat Pump(s),Zoned
Utilities Electric Available,Cable TV Available,Phone Available,Sewer Available,Water Available
Possession Immediate,Settlement,Subject to Existing Lease
Roof Architectural Shingle
Zoning CORRIDOR MIXED-USE
Security Features Electric Alarm,Security System,Surveillance Sys
Construction Materials Brick
Year Built 1986
Property SubType Office
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Business Type Other/General Retail,Other,Professional,Auto Related,Convenience Store/Gas,Apartment Building
Accessibility Level Entry - Main,36 + wide Halls
County DORCHESTER
New Construction No
Property Type Commercial Sale
Possible Use Professional Service,Financial,Investment,Mixed Use,Office,Other
Water Access Y/N No
Status ACTIVE
Directions Coming into Cambridge heading West,turn right at the lighted interaction of Rt. 50 & Crusader Road,go through the next stop sign and the building is at the next corner on your left. Coming into Camb
ModificationTimestamp 2024-01-29T14:04:52
City CAMBRIDGE
Buyer Agent Compensation 3
Zoning Description Wide variety of allowed uses. See agent for details.
Lot Size Square Feet 46174.00
Tax Assessed Value 637133.0
Waterfront Y/N No
Street Name CRUSADER
Tax Annual Amount 11776.0
Property Condition Excellent
Price Per Sq Ft 137.1
Acceptable Financing Conventional,Cash,Other
Lease Considered Y/N Yes
Vacation Rental Y/N No
Days on Market 97
Location Type Corner Lot/Unit
Standard Status Active
Year Built Source Assessor
Tax Lot 1
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee No

Interior Features

Heating Fuel Electric
Flooring Carpet,Luxury Vinyl Plank
Hot Water Electric
Heating Y/N Yes
Street Suffix ROAD
Central Air Y/N Yes
Entry Level 1

Exterior Features

Parking Features Handicap Parking,Lighted Parking,Paved Parking,Private
Water Source Public
Inclusions Large board room conference table and chairs; built-in desks and cabinetry
Total Parking Spaces 32
Type of Parking Parking Lot,On Street
Land Use Code C
Foundation Details Slab
Water View Y/N No
Building Area Total 8388.00
Lot Size Acres 1.06
Road Frontage Length 500
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 196600.00
Navigable Water Y/N No
Water Oriented Y/N No
Car Parking Spaces 32

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 21613

Price
AVG $870K
$1.15M
Taxes
AVG $9,124
$11,776
Visits
AVG 63
48
Data Provided by Inside Real Estate®
Year Built
AVG 1956
1986

Areas We Cover