2906 Ocean GtwyCambridge, MD 21613
- Industrial properties
- 3,776 SF
Property Details for 2906 Ocean Gtwy
- Year built
- 1960
- Construction
- FRAME
- Lot size
- 0.72 AC
- Property size (Sq ft)
- 3,776 SF
- Zone code
- B-2
- Property type
- Industrial properties
- Property subtype
- Other warehouses
- APN
- 14-002553
- APU
- 14002553
Description
This exceptional mixed-use property, situated at 2906 Ocean Gateway in Cambridge, MD, presents a lucrative investment opportunity. The 0.72-acre lot boasts two buildings totaling over 4,350 square feet of versatile space, ideal for retail or commercial ventures. The strategic location at the intersection of Route 50 ensures high visibility and accessibility, with an estimated 34,000 vehicles passing daily at a 30 mph speed limit. Two convenient highway cut entrances on westbound Route 50, plus rear entrances from Old Route 50, provide ample access. The property benefits from its proximity to the Hyatt Regency Chesapeake Bay Spa and Golf Resort, attracting significant foot and vehicle traffic. The main building features attractive vaulted high ceilings, a bathroom, and an office area, while the rear building offers garage door access from Old Route 50 and significant expansion potential with a 32 x 36 foot second-floor area. The buildings are constructed of concrete block and frame. The total square footage of the buildings is 4,350+/- square feet, while the main building is 3,776 square feet. The Bucktown light provides easy access for traffic traveling in both directions on Route 50. This property offers a unique blend of location, size, and potential, making it an attractive investment for discerning buyers. The asking price is $1,250,000.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $698,551
- Hospitality
- $639,869
- Educational
- $532,363
- Medical
- $550,672
- Retail
- $828,120
Location Insight
- City
- Cambridge
- County
- Dorchester
- State
- Maryland
- Latitude
- 38.5538
- Longitude
- -76.0422
- CBSA code
- 15700
- CBSA name
- CAMBRIDGE, MD MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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