MD > Cambridge
Cambridge, MD 21613,700 PINE ST
Cambridge, MD 21613,700 PINE ST
Cambridge, MD 21613,700 PINE ST
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Simone Velvel

Simone Velvel

+1(703) 507-7614
Listed by Glenn Ross • Real Broker, LLC
$199,900
Est. payment /mo
4,411 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 4,411 sqft

Price per Sqft $45

MLS Listing ID MDDO2009432

Year Built 1930

Available Date 2025-06-02

Annual Tax Amount $1,540

Tax Year 2024

Lot Size 4,100 Sqft

Acres 0.09

Property Sub-Type Mixed Use

Source BRIGHT

Property Description

Priced at just $224,900, 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 in the process of vacating. 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.

Location

State MD

County Dorchester

Zoning D

Interior

Hot Water Electric

Heating Wall Unit

Cooling Ductless/Mini-Split

Heat Source Electric

Exterior

Water Access N

Accessibility 36\"+ wide Halls

Garage N

Building

Lot Description Corner

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Dorchester County Public Schools

Others

Tax ID 1007158866

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
agent-avatar

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland, 20895, USA

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