1 Sunburst HwyCambridge, MD 21613

Property Details for 1 Sunburst Hwy

Year built

1950

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.35 AC

Property size (Sq ft)

2,305 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Turn key restaurants

APN

07-170505

APU

7170505

Description

This exceptional 3,681 square foot retail property presents a unique investment opportunity in Cambridge, Maryland. Situated on a 0.35-acre lot at 1 Sunburst Highway, this established business boasts a rich history, having operated as a successful restaurant for over 70 years. Its prime location just off Route 50, after the Frederick C. Malkus Bridge, ensures high visibility and accessibility for both locals and tourists traveling to the nearby Maryland beaches. The property offers breathtaking Choptank River views, adding to its considerable appeal. With a total capacity to accommodate up to 95 guests, the spacious interior provides ample room for a variety of commercial ventures. Its proximity to downtown Cambridge ensures a steady stream of local customers, while its convenient location near the beaches attracts a significant tourist clientele. The property's long-standing success as a restaurant demonstrates its proven potential for continued profitability, making it an attractive investment for discerning buyers seeking a well-established business in a desirable location. The 0.35-acre lot offers ample space for potential expansion or outdoor seating, further enhancing its value and versatility. This is a rare opportunity to acquire a landmark property with significant historical value and exceptional growth potential. The asking price is $825,000.

• CAP approach

  CAP return

  Valuation

  6%

  $547,639

  6.5%

  $505,513

  7%

  $469,405

• Comparable approach

  Method

  Valuation

  Relative Method

  $339,316

  Geo Method

  $365,419

• Alternative Use

  Use

  Valuation

  Residential

  $426,419

  Hospitality

  $390,598

  Educational

  $324,973

  Medical

  $336,149

  Retail

  $505,513

Location Insight

City

Cambridge

County

Dorchester

State

Maryland

Latitude

38.57

Longitude

-76.0643

CBSA code

15700

CBSA name

CAMBRIDGE, MD MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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