2835 Ocean Gtwy Cambridge, MD 21613
- Other commercial real estate
- 648 SF
- 0.23 lot acres
Current Use by Public Records
- Other commercial real estate
Property Details for 2835 Ocean Gtwy
- Year built
- 1940
- Lot size
- 0.23 lot acres
- Property size
- 648 SF
- Zone code
- B2
- Property type
- Other commercial real estate
- APN
- 07-134096
- APU
- 7134096
Description
This exceptional commercial property at 2835 Ocean Gateway in Cambridge, MD, presents a unique investment opportunity. Boasting a 0.23-acre lot with US Route 50 frontage, this property enjoys unparalleled visibility, with over 30,000 vehicles passing daily. The 648 square foot building currently generates rental income of $1340 per month, with a lease in place until the end of February 2025. The structure itself offers a functional floor plan, including 1-2 bedrooms, a laundry/utility room, and a spacious kitchen. Interior features include attractive LVP flooring in the living area. Recent upgrades include a new furnace installed in 2023 and a roof replacement in 2017. The property is serviced by public water and sewer. Its versatile nature makes it suitable for a variety of commercial uses, such as a tradesman's business, a small retail operation, or even providing affordable housing for employees while utilizing the ample yard space for storage. Prospective buyers are advised to verify all potential uses with the Cambridge city planning and zoning department
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cambridge
- County
- Dorchester
- State
- Maryland
- Longitude
- -76.0453
- Latitude
- 38.5534
- CBSA code
- 15700
- CBSA name
- CAMBRIDGE, MD MICROPOLITAN STATISTICAL AREA
