Property summary
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
VerifiedCap rate & NOI
Current use
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Restaurant
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Real Estate Agency
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Cambridge, MDZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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