700 Pine St,CAMBRIDGE, MD 21613
CAMBRIDGE, MD 21613
Description
CALLING ALL INVESTORS! This prime commercial building in downtown Cambridge, MD offers exceptional income potential and long-term upside. Situated on a prominent corner lot in a high-traffic area, the property currently features three separate units with the flexibility to convert into as many as five income-producing spaces as this building has 5 individual electrical meters. The main unit was leased at $2,200/month and operated as a restaurant/bar, but is presently vacant. This large unit could also be subdivided into three individual commercial spaces, significantly increasing the overall rental yield. Two additional units have been recently renovated and are located at the rear of the building. One is an upstairs unit well-suited for office or studio use, while the other is a ground-level storefront ideal for retail or service tenants. Both are currently being offered for lease. With its corner lot location, strong visibility, and flexible layout, this property presents an ideal opportunity for investors looking to expand their portfolio with a multi-unit asset in a growing market. Whether you're looking for immediate cash flow, future development potential, or a combination of both, this building checks all the boxes. Don't miss out on this rare value-add opportunity in the heart of downtown Cambridge. This Property is being sold As-Is condition. Buyer is responsible for all certifications. Seller never occupied. Neither the seller or listing agent make any representation as to the accuracy of any information contained herein. Buyer must conduct their own due diligence, verification, research and inspections and are relying solely on the results thereof. Buyer to pay all closing costs and transfer tax.
Details
| MLS # | MDDO2012914 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1930 |
| Days On Site | 32 |
| Listing Provided By | Tesla Realty Group, LLC | Simran Kaur Dheer |
Features
| Story(s) | 2 |
|---|---|
| Zoning | D |
| Acreage | 0.09 |
Interior
| Cooling | Ductless/Mini-Split |
|---|---|
| Heating Yes / No | Yes |
| Heating | Wall Unit |
Exterior
| Construction Materials | Block |
|---|---|
| Lot Features | Corner |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 1610 |
|---|
Area Information
| State | MD |
|---|---|
| County | DORCHESTER MD |
| City | CAMBRIDGE |
| Zip Code | 21613 |
| Area | DORCHESTER MD |
| School District | DORCHESTER COUNTY PUBLIC SCHOOLS |
| Listing VS Median (in 21613) | |
Price: $149,000 low | high Med: $305,000 On site: 32 low | high Med: 132 | |
Market Activity 21613
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Learn More About This Property
| State | MD |
|---|---|
| County | DORCHESTER MD |
| City | CAMBRIDGE |
| Zip Code | 21613 |
| Area | DORCHESTER MD |
| School District | DORCHESTER COUNTY PUBLIC SCHOOLS |
| Listing VS Median (in 21613) | |
Price: $149,000 low | high Med: $305,000 On site: 32 low | high Med: 132 | |
