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About the Listing REKL1 - 3306646
Priced at just $224,900, 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 in the process of vacating. 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.
Listing Highlights for 700 Pine St
Status
Active
Days on Site
104
Property Type
Commercial Sale
MLS ®
MDDO2009432
Year Built
1930
Total Square Footage
4,411
Lot/Acreage
0.09
County
Dorchester
School District
Dorchester County Public Schools
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Ductless/Mini-Split
- Heating: Wall Unit
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Corner,Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Zoning: D
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $1,540
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
Monthly Payment
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- in Taxes
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Listing Location
Questions About..
700 Pine St Cambridge, MD 21613
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