2835 Ocean Gtwy, Cambridge, MD 21613-3403
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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B2 · Cambridge, MDCambridge. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.