203 Sunburst Hwy Cambridge, MD 21613-2038
- Office buildings
- 2,656 SF
- 0.14 lot acres
Current Use by Public Records
- Terrific T's Learning Center LLC / Child Care Agency
Property Details for 203 Sunburst Hwy
- Year built
- 1937
- Construction
- BRICK
- Lot size
- 0.14 lot acres
- Property size
- 2,656 SF
- Zone code
- C-2
- Property type
- Office buildings
- APN
- 07-177631
- APU
- 7177631
Description
This prime retail storefront, located at 203 Sunburst Hwy, Cambridge, MD 21613, presents a compelling investment opportunity. The 4,000 square foot building, constructed in 1930 and renovated in 2006, sits on a high-traffic section of US Route 50, boasting visibility to approximately 35,000 cars daily. Currently operating as a fully leased, single-tenant property with a net rentable area of 3,850 square feet, the property offers a strong 6.00% cap rate at an asking price of $549,000 ($137.25/sq ft). The lease is a Net Net Plus (NN+) type, with a four-year term commencing August 31, 2020, and expiring August 30, 2024. The property is zoned C and features two units within a four-story building. Its strategic location within a designated Opportunity Zone and HUB Zone in Dorchester County adds significant investment appeal. The space is well-suited for professional office use, including a reception area, conference room, and multiple offices. This is a rare opportunity to acquire a high-performing, fully leased retail property in a desirable location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cambridge
- County
- Dorchester
- State
- Maryland
- Longitude
- -76.065
- Latitude
- 38.5679
- CBSA code
- 15700
- CBSA name
- CAMBRIDGE, MD MICROPOLITAN STATISTICAL AREA
