For Sale
$549,000

203 Sunburst Hwy Cambridge, MD 21613

High-visibility, fully leased retail space.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This prime retail storefront, located at 203 Sunburst Hwy, Cambridge, MD 21613, presents a compelling investment opportunity. The 4,000 square foot building, constructed in 1930 and renovated in 2006, sits on a high-traffic section of US Route 50, boasting visibility to approximately 35,000 cars daily. Currently operating as a fully leased, single-tenant property with a net rentable area of 3,850 square feet, the property offers a strong 6.00% cap rate at an asking price of $549,000 ($137.25/sq ft). The lease is a Net Net Plus (NN+) type, with a four-year term commencing August 31, 2020, and expiring August 30, 2024. The property is zoned C and features two units within a four-story building. Its strategic location within a designated Opportunity Zone and HUB Zone in Dorchester County adds significant investment appeal. The space is well-suited for professional office use, including a reception area, conference room, and multiple offices. This is a rare opportunity to acquire a high-performing, fully leased retail property in a desirable location.

Highlights

  • $549,000 asking price for this 4,000 square foot retail storefront.
  • Located in an Opportunity Zone on US Route 50 in Cambridge, MD, with high visibility and 35,000 cars passing daily.
  • Features 3,900 square feet of modern office space, ideal for professional use, including a reception area, conference room, and multiple offices.
  • Situated in a Dorchester County HUB Zone, the property is currently 100% leased.

Property Details for 203 Sunburst Hwy

Property type
Retail properties, Retail space
Square Feet
4,000 SF
Class
B
Year Built/Renovated
1930/2006
Buildings
1
Stories
4
Units
2

Location Insight

City
Cambridge
County
Dorchester
State
Maryland
Latitude
38.5678542
Longitude
-76.0649132

FAQs

What type of property is this?
Retail property - High-visibility, fully leased retail space.
Where is the retail property located?
The property is located at 203 Sunburst Hwy Cambridge, MD.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: $549,000 asking price for this 4,000 square foot retail storefront.; Located in an Opportunity Zone on US Route 50 in Cambridge, MD, with high visibility and 35,000 cars passing daily.; Features 3,900 square feet of modern office space, ideal for professional use, including a reception area, conference room, and multiple offices.
How can I contact the broker?
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203 Sunburst Hwy
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