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    2906 Ocean Gtwy Cambridge, MD 21613

    Sponsored
    For Sale
    $1,250,000

    High-traffic location, retail/commercial potential.

    Property size:
    3,776 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional mixed-use property, situated at 2906 Ocean Gateway in Cambridge, MD, presents a lucrative investment opportunity. The 0.72-acre lot boasts two buildings totaling over 4,350 square feet of versatile space, ideal for retail or commercial ventures. The strategic location at the intersection of Route 50 ensures high visibility and accessibility, with an estimated 34,000 vehicles passing daily at a 30 mph speed limit. Two convenient highway cut entrances on westbound Route 50, plus rear entrances from Old Route 50, provide ample access. The property benefits from its proximity to the Hyatt Regency Chesapeake Bay Spa and Golf Resort, attracting significant foot and vehicle traffic. The main building features attractive vaulted high ceilings, a bathroom, and an office area, while the rear building offers garage door access from Old Route 50 and significant expansion potential with a 32 x 36 foot second-floor area. The buildings are constructed of concrete block and frame. The total square footage of the buildings is 4,350+/- square feet, while the main building is 3,776 square feet. The Bucktown light provides easy access for traffic traveling in both directions on Route 50. This property offers a unique blend of location, size, and potential, making it an attractive investment for discerning buyers. The asking price is $1,250,000.

    Property Features for 2906 Ocean Gtwy

    General Information

    Property type
    Mixed-use properties
    Square Feet
    3,776 SF
    Lot Size
    31,363 SF

    Building Details

    Year Built
    1960
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Dorchester
    State
    Maryland
    Longitude
    -76.04175
    Latitude
    38.55376

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    FAQs

    What type of property is this?
    Mixed-use property - High-traffic location, retail/commercial potential.
    Where is this mixed-use property located?
    The property is located at 2906 Ocean Gtwy Cambridge, MD.
    What is the asking price?
    The asking price for this property is $1,250,000.
    (410) 228-9333
    Request Owner's contact information
    2906 Ocean Gtwy Cambridge, MD 21613
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    Cambridge, MD 21613
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2906 Ocean Gtwy Cambridge, MD 21613
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