700 Pine StreetCambridge, MD 21613

Description

CALLING ALL INVESTORS! This prime commercial building in downtown Cambridge, MD offers exceptional income potential and long-term upside. Situated on a prominent corner lot in a high-traffic area, the property currently features three separate units with the flexibility to convert into as many as five income-producing spaces as this building has 5 individual electrical meters. The main unit was leased at $2,200/month and operated as a restaurant/bar, but is presently vacant. This large unit could also be subdivided into three individual commercial spaces, significantly increasing the overall rental yield. Two additional units have been recently renovated and are located at the rear of the building. One is an upstairs unit well-suited for office or studio use, while the other is a ground-level storefront ideal for retail or service tenants. Both are currently being offered for lease. With its corner lot location, strong visibility, and flexible layout, this property presents an ideal opportunity for investors looking to expand their portfolio with a multi-unit asset in a growing market. Whether you're looking for immediate cash flow, future development potential, or a combination of both, this building checks all the boxes. Don’t miss out on this rare value-add opportunity in the heart of downtown Cambridge. This Property is being sold As-Is condition. Buyer is responsible for all certifications. Seller never occupied. Neither the seller or listing agent make any representation as to the accuracy of any information contained herein. Buyer must conduct their own due diligence, verification, research and inspections and are relying solely on the results thereof. Buyer to pay all closing costs and transfer tax.

Property Information

Property type

Commercial Sale

Sub-type

Mixed Use

Year built

1930

Stories

2

Building area

4,411 Sq Ft

Lot size

0.09 acres

Zoning

D

Days on market

43

MLS^® Listing#

MDDO2012914

Property Features

Appliances

Electric Water Heater

Cooling

Ductless · Electric

Heating

Electric

Parking

On Street

Lot features

Corner Lot

Construction

Block

Sewer

Public Sewer

Water source

Public

Schools

District

DORCHESTER COUNTY PUBLIC SCHOOLS

Financial Details

Annual taxes

$1,610Tax year 2026

Assessed value

$100,233

Parcel number

1007158866

Directions

Head northwest on US-50 W/Ocean Gateway toward Old Railroad Rd, Turn left onto E Cedar St., Destination will be on the left