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2835 Ocean Gtwy

$150,000

2835 Ocean Gtwy, Cambridge, Md 21613

Active
Last Updated: 02/08/2025

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: 87
  • Parking Features: Private
  • Heating: Forced Air
Description:

Road Frontage

Great opportunity to own prime commercial real estate with US Rt.50 access. Just shy of a quarter acre property with over 30,000 cars passing by each day. Home is rented thru the end of Feb. 2025, currently being rented for $1340/mo! This would be an ideal property for a tradesman or business owner looking for a high visibility location. OR affordable housing for an employee while the additional yard is utilized as storage space for vehicles and/or materials. House features a functional floor plan, 1-2 bedrooms, laundry/utility room, and spacious kitchen. LVP floors in living room. New furnace in 2023. Roof installed in 2017. Public water & sewer. Buyer to confirm all possible uses with city planning and zoning- zoned general commercial.

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