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Versatile Commercial Property on Ocean Gateway
For Sale
$550,000
Pending

2934 OCEAN Gtwy, Cambridge, MD 21613

3,000 sq ft property with retail and warehouse space.

Property Size3,000 SF
Lot Size0.75 Acres
Days on Market188

Property Features for 2934 OCEAN Gtwy

General Information

Standard status Pending
Size 3,000 SF
Lot size 0.75 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $3,446

Building Details

Year Built 1970
Units 2
Listed By: Jonathan C Nicholls
Source: Elliman
Added: Apr 26 Changed: Oct 26 Last Checked: Oct 28 at 9:50AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jonathan C Nicholls

Rey
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Investment Insights

Based on property information with market context.

This commercial property, located on Ocean Gateway in Cambridge, offers approximately 3,000 square feet of space. The property features a functional layout with about 1,500 square feet of retail or showroom space and 1,500 square feet of warehouse space. The retail area benefits from strong visibility and natural light. The warehouse includes a large bay door to facilitate loading, storage, and operations. Situated on approximately 3/4 acre with a fenced yard, the property is suitable for contractors, service-based businesses, owner-users, or investors seeking a flexible space with storefront presence and operational capacity. The location on Ocean Gateway provides significant daily traffic, including seasonal beach traffic. Easy on and off access enhances convenience for customers, deliveries, and employees. Potential uses include contractors, landscaping companies, HVAC, plumbing, retail or service businesses, or hybrid office and warehouse users. The property has a bike score of 34, indicating it is somewhat bikeable, and a walk score of 15, indicating car dependence.

Key Highlights

  • High‑traffic location on Ocean Gateway with easy on/off access.
  • Versatile 3,000 sq ft space with retail/showroom and warehouse areas.
  • Approximately 3/4 acre lot with a fenced yard.

Property Analytics

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Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Auto Parts Store Real Estate Agency Law Firm Building Supply Furniture & Home Goods Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

117
Businesses Nearby
Balanced
Demand for This Use

Demographics for 21613, MD

17,967
Population
9,331
Households
1.9
Avg Household Size
44
Median Age
21%
College-Educated
87%
High-School Grad
153.7 sq mi
ZIP Area
117
Density / Sq Mi
$53,171
Median Household Income
$38,078
Median Earnings
$965
Median Rent
$279,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025

Frequently Asked Questions

What type of property is this?
Flex space - 3,000 sq ft property with retail and warehouse space.
Where is this flex space located?
The property is located at 2934 OCEAN Gtwy Cambridge, MD.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: High‑traffic location on Ocean Gateway with easy on/off access.; Versatile 3,000 sq ft space with retail/showroom and warehouse areas.; Approximately 3/4 acre lot with a fenced yard.
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