837 Chesapeake Drive Cambridge, MD ^$ 3,750,000

837 Chesapeake Drive

^$ 3,750,000

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837 Chesapeake Drive

Cambridge, MD, 21613

^$ 3,750,000

Studio Baths0.0 Sq 56,667

Monthly Estimate*

^$ 26,195

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Studio

Commercial Property for sale in Cambridge, MD

for $3,750,000. This 56,667 square foot building was built in 1986 on a lot size of 5.

Cambridge - income producing property on 5 +/- acres. Improvements include a 30,000+/- sq. ft. warehouse/industrial building currently configured into 3 spaces plus a retail showroom (Fire Marshall approved), fully sprinkled, upstairs offices plus a fenced yard area. Recent bathroom, roof and HVAC upgrades. LED lights throughout. Owner's office features heated floors. Additional improvements include (4) 130' x 30' mini storage buildings plus a 150' x 55' climate controlled mini storage building, and (4) contractor units running at 95% to 98% occupancy. There is an additional fenced storage yard on the property. Nice signage and recent upgrades to the parking lot. Just off Rt. 50 on the corner of Rt.16S and Chesapeake Drive.

Commercial Active

Price

^$ 3,750,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 23,804

Style

Auto Related,Cold Storage,Manufacturing,/General R

Lot Size

Year Built

1986

Town/City

Cambridge

County/Region

Dorchester

MLS | Web ID

MDDO2007168

Features

Interior

Heating Fuel Electric Natural Gas

Flooring Concrete

Hot Water Electric

Heating Y/N Y

Street Suffix DRIVE

Central Air Y/N N

Total Restrooms 6

General

Sewer Public Sewer

Heating Heat Pump(s) Forced Air

Cooling Ductless/Mini-Split

Possession Settlement

Zoning I

Construction Materials Metal Siding

Year Built 1986

Property SubType Mixed Use

Tax Year 2024

Percent Ownership Fee Simple

Cool Fuel Electric

Municipality Cambridge

Business Type Auto Related Cold Storage Manufacturing Other/General Retail Professional Storage Warehouse Truck Maintenance Facility

Accessibility Other

County DORCHESTER

New Construction N

Property Type Commercial Sale

Subdivision Name ROUTE 50

Water Access Y/N N

Status ACTIVE

Directions use GPS

City CAMBRIDGE

Buyer Agent Compensation 2.5

Zoning Description Industrial

Total Units 6

Lot Size Square Feet 217800.00

Waterfront Y/N N

Street Name CHESAPEAKE

Tax Annual Amount 23804.0

Price Per Sq Ft 66.16

Vacation Rental Y/N N

Days on Market 10

Location Type Industrial Park

Standard Status Active

Year Built Source Assessor

Tax Lot 7

Buyer Agent Compensation Type % Of Gross

Exterior

Parking Features Paved Parking

Lot Features Cleared Corner

Water Source Public

Type of Parking Parking Lot

Park Name Chesapeake Industrial Park

Water View Y/N N

Building Area Total 56677.00

Lot Size Acres 5.00

Lot Size Units Square Feet

Lot Size Source Assessor

Land Assessed Value 250000.00

Navigable Water Y/N N

Water Oriented Y/N N

Internal Only

Street Number 1 837

* Excluded Features

List By

Powell Realtors

Broker

valbrownrealtor@gmail.com

Affordability Calculator

$28,179

Per Month

Monthly Principal & Interest: $26,195
Monthly Property Taxes: $1,984
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Cambridge, MD

Average List Price ^$1,136,665

Percent of Sale Price 70%

About Cambridge, MD

12,341 Population

8% Since 2002

^$38,307 Median Income

38.72 Median Age

24% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2136830 Elementary School

2137124 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/30/2024	$3,750,000		Listed Price

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837 Chesapeake Drive, Cambridge, MD, 21613 is a Commercial Property for sale at $3,750,000 with 56,667 sqft and a lot size of 5. 837 Chesapeake Drive is a studio with 0.0 baths and was built in 1986. The property's zip code is 21613 which is in Cambridge, MD

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BrightMLS Broker Reciprocity^SM program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Weichert, Realtors® participates, and is provided by BrightMLS through a licensing agreement.

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837 Chesapeake Drive

Commercial Property for sale in Cambridge, MD

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