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2835 Ocean Gtwy

$150,000

2835 Ocean Gtwy, Cambridge, MD 21613

Active
Last Updated: 09/01/2025

8

Cap Rate

12,400

NOI

Details:
Cap Rate:    8%
NOI:    $12,400
Building Size:    648 sqft
Year Built:    1940
Price Per Sqft:    $231.48
Zoning:    B2
Roof:    Architectural Shingle
Highlights:
  • Days on Market: 268
  • Parking Features: Private
  • Heating: Forced Air
Description:

Road Frontage

Outstanding Commercial opportunity to own a highly visible property with direct frontage on US Route 50, traveled by over 30,000 vehicles daily. Situated on just under a quarter acre and zoned General Commercial (confirm intended uses with the City of Cambridge), this flexible property is ideal for business owners, tradespeople, or investors. The existing structure offers a 1–2 bedroom layout with a spacious kitchen, LVP flooring in the living area, laundry/utility room, and recent updates including a new furnace (2023) and roof (2017)- previously rented for $1340/mo.. Public water and sewer are already connected, and the ample outdoor space provides options for vehicle or material storage. Whether you're looking to establish a small business, work on-site, or redevelop in a high-traffic corridor, this property combines affordability, exposure, and long-term potential. Owner Financing Available for qualified buyers!

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