404 Washington StCambridge, MD 21613

Property Details for 404 Washington St

Year built

1946

Construction

BRICK

Lot size

0.56 AC

Property size (Sq ft)

6,131 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Retail space

APN

07-177828

APU

7177828

Description

This exceptional Class A retail property, located at 404 Washington Street in Cambridge, Maryland, presents a unique owner-user investment opportunity. The 4,000 square foot building underwent a complete renovation in 2024, resulting in a brand-new market, restaurant, and butcher shop. This versatile space is ideally suited for a variety of food-related businesses, capitalizing on its high-volume location. The property is offered at $699,000 and operates under a triple-net lease (NNN). Situated in Dorchester County, Maryland, with a zip code of 21613, this single-unit property boasts a prime location, attracting significant customer traffic. The recent renovation ensures modern amenities and efficient operations, minimizing upfront capital expenditures for the new owner. The combination of a high-traffic location and a newly renovated space makes this a compelling investment for entrepreneurs seeking a thriving business in a desirable Maryland market. This turnkey operation is ready for immediate occupancy and offers significant potential for growth and profitability. Don't miss this chance to acquire a well-established and highly profitable business in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,456,649

  6.5%

  $1,344,599

  7%

  $1,248,556

• Comparable approach

  Method

  Valuation

  Relative Method

  $902,536

  Geo Method

  $971,967

• Alternative Use

  Use

  Valuation

  Residential

  $1,134,220

  Hospitality

  $1,038,939

  Educational

  $864,385

  Medical

  $894,113

  Retail

  $1,344,599

Location Insight

City

Cambridge

County

Dorchester

State

Maryland

Latitude

38.5627

Longitude

-76.0776

CBSA code

15700

CBSA name

CAMBRIDGE, MD MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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