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Property profile & analytics
OFF-MARKET Estimated value $710,000
Retail space

404 Washington St Cambridge, MD 21613-2810

6,131 SF 0.56 ac lot Built 1946
Individually Owned 15-yr Hold Free & Clear
Property ID
US40-0040053
Property summary
AI-generated overview

This exceptional Class A retail property, located at 404 Washington Street in Cambridge, Maryland, presents a unique owner-user investment opportunity. The 4,000 square foot building underwent a complete renovation in 2024, resulting in a brand-new market, restaurant, and butcher shop. This versatile space is ideally suited for a variety of food-related businesses, capitalizing on its high-volume location. The property is offered at $699,000 and operates under a triple-net lease (NNN). Situated in Dorchester County, Maryland, with a zip code of 21613, this single-unit property boasts a prime location, attracting significant customer traffic. The recent renovation ensures modern amenities and efficient operations, minimizing upfront capital expenditures for the new owner. The combination of a high-traffic location and a newly renovated space makes this a compelling investment for entrepreneurs seeking a thriving business in a desirable Maryland market. This turnkey operation is ready for immediate occupancy and offers significant potential for growth and profitability. Don't miss this chance to acquire a well-established and highly profitable business in a prime location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1946
Construction BRICK
Total area 6,131 SF
Lot 0.56 ac (24,350 SF)
Zoning code C-2
APN 07-177828
UPID US40-0040053
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
Current use
Occupant on record · Public records
  • Clearview Counseling Center Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$708k
Blend (final) Blend
$710k
Owner & transaction history
C · 15 yrs held
C
since 2010
7 recorded transactions
2019
Price N/A
2016
Price N/A
2010
$340,000
2010
$295,800
2003
$260,000
2003
$73,000
1969
Price N/A
Zoning & alternative use
C-2 · Cambridge, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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