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    OFF-MARKET
    Other commercial real estate

    2835 Ocean Gtwy, Cambridge, MD 21613-3403

    648 SF 0.23 ac lot Built 1940
    Entity Owned Free & Clear
    Property ID
    US40-0614701
    Property summary
    AI-generated overview

    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

    Property profile
    Verified
    Property type Other commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1940
    Total area 648 SF
    Lot 0.23 ac (10,018 SF)
    Zoning code B2
    APN 07-134096
    UPID US40-0614701
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    The R & L Group INC
    The R & L Group INC
    since 2025
    Last sale
    $137,000
    3 recorded transactions
    2025
    $137,000
    2021
    1969
    Zoning & alternative use
    B2 · Cambridge, MD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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