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    2906 Ocean Gtwy Cambridge, MD 21613

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    For Sale
    $1,250,000

    Retail or commercial space near Hyatt Regency, high traffic.

    Lot size:
    0.72 Acres

    Property Features for 2906 Ocean Gtwy

    General Information

    Lot size
    0.72 Acres

    Building Details

    Year built
    1960

    Source: Charles C. Powell, Inc. Realtors Agent Valerie P Brown

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Property on Route 50

    This commercial property is located on Route 50 at an intersection, adjacent to the Hyatt Regency Chesapeake Bay Spa and Golf Resort. The property includes two concrete block and frame buildings totaling approximately 4,350 square feet, suitable for retail or commercial use. Situated on approximately 0.72 acres, the site features two highway cuts on westbound Route 50, along with rear entrances from Old Route 50. The Bucktown light facilitates access for both eastbound and westbound traffic on Route 50. The first building includes vaulted high ceilings, a bathroom, and an office area. The rear building has garage door entrances on Old Route 50 and an expandable second floor measuring 32 x 36. The location benefits from an estimated daily traffic count of 34,000 vehicles, with a speed zone of 30 MPH.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -76.0447463
    Latitude
    38.5528682

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    FAQs

    What type of property is this?
    Retail space - Retail or commercial space near Hyatt Regency, high traffic.
    Where is this retail space 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.
    What are key features of this property?
    This property features: - High-traffic location: Estimated 34,000 vehicles pass daily on Rt. 50; - Excellent accessibility: Two highway cuts on Rt. 50 (westbound) and rear entrances from Old Rt. 50; - Proximity to Hyatt Regency Chesapeake Bay Spa and Golf Resort
    (410) 463-3627
    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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