Property profile

1 Sunburst Hwy Cambridge, MD 21613

OFF-MARKET
Turn key restaurants
Property ID
US40-0081995
2,305 SF 0.35 ac lot Built 1950
Entity Owned 22-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 3,681 square foot retail property presents a unique investment opportunity in Cambridge, Maryland. Situated on a 0.35-acre lot at 1 Sunburst Highway, this established business boasts a rich history, having operated as a successful restaurant for over 70 years. Its prime location just off Route 50, after the Frederick C. Malkus Bridge, ensures high visibility and accessibility for both locals and tourists traveling to the nearby Maryland beaches. The property offers breathtaking Choptank River views, adding to its considerable appeal. With a total capacity to accommodate up to 95 guests, the spacious interior provides ample room for a variety of commercial ventures. Its proximity to downtown Cambridge ensures a steady stream of local customers, while its convenient location near the beaches attracts a significant tourist clientele. The property's long-standing success as a restaurant demonstrates its proven potential for continued profitability, making it an attractive investment for discerning buyers seeking a well-established business in a desirable location. The 0.35-acre lot offers ample space for potential expansion or outdoor seating, further enhancing its value and versatility. This is a rare opportunity to acquire a landmark property with significant historical value and exceptional growth potential. The asking price is $825,000.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1950
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,305 SF
Lot 0.35 ac (15,056 SF)
Zoning code C-2
APN 07-170505
UPID US40-0081995

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Real Estate Agency

Location

1 Sunburst Hwy Cambridge, MD 21613-2050
Cambridge metro Census 970400 CAMBRIDGE, MD MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2004
1 recorded transaction
2004
$150,000

Zoning & alternative use

C-2 · Cambridge, MD

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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