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 | 2024 |
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 | 2024-05-09T01:30:40 |
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 | 646867.0 |
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 | 106 |
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