5302 Cedar Drive, Cambridge, MD
Office for Sale - $85,000 - 750 Sq. Ft. on 0.45 acres
Property Info
CIMLS# | 802500 |
Location 5302 Cedar Drive Cambridge MD 21613 | |
Updated | January 29th, 2016 |
Type | Office |
Price | $85,000 |
Building | 750 Sq. Ft. |
Land | 0.45 acres |
Property Description
Highly visible commercial corner with over 35,000 cars per day located on U.S. Rt. 50 in Cambridge, MD just 1 mile before you get to the Hyatt Regency Chesapeake Bay Resort going East or 1 mile past it going West toward Ocean City. The property has a small 750 SF building that could be used after completing renovations or you can start from ground up. There is city sewer to the property that a buyer can connect to. Perfect for professional office (insurance, attorney, accountant, etc), small retail such as used car lot, hair & nail salon, etc, or complimentary uses to the adjacent business such as family activity center. The building needs a full renovation but keeping it's footprint in place will help avoid certain development fees. Contact listing agent for details.
Location Description:
The property is located in Cambridge, MD and located directly on U.S. Rt. 50 with 220' of highway frontage. It is on the East bound lane and is 1 mile before you get to the Hyatt Regency Chesapeake Bay.
Highlights:
>> Traffic Count = 35,400 +/- per day
>> Rt. 50 Commercial Lot
>> City Sewer
>> 220' of Highway Frontage
>> Best priced commercial lot in the market
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Financials
Sales Info:
>> Commision split: 5.0%