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504 Henry St
Cambridge, MD 21613
Office Property For Sale
Investment Highlights
- High Visibility
- Opportunity Zone
- L shaped lot gives several ingress and egress points
Executive Summary
Four parcels
Redevelopment Opportunity
L Shaped Lot
This commercial property, originally built in 1930 and extensively renovated in 2006, presents a unique investment opportunity. Spanning 1 acre. Three properties, four parcels with Route 50 (Sunburst Highway) access as well as ingress egress from Henry Street. The property is strategically located along a major highway, and also connects with Hensry Street which is an artery into town. The below-average condition offers potential for further improvements or a total demolition and redevelopement. Parking options, including a driveway and parking lot, the property is well-equipped to accommodate high traffic. This asset is ideal for those looking to capitalize on a prime location with significant upside potential in a growing market.
Redevelopment Opportunity
L Shaped Lot
This commercial property, originally built in 1930 and extensively renovated in 2006, presents a unique investment opportunity. Spanning 1 acre. Three properties, four parcels with Route 50 (Sunburst Highway) access as well as ingress egress from Henry Street. The property is strategically located along a major highway, and also connects with Hensry Street which is an artery into town. The below-average condition offers potential for further improvements or a total demolition and redevelopement. Parking options, including a driveway and parking lot, the property is well-equipped to accommodate high traffic. This asset is ideal for those looking to capitalize on a prime location with significant upside potential in a growing market.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Building Size
6,000 SF
Building Class
C
Year Built/Renovated
1937/2006
Price
$899,000
Price Per SF
$149.83
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,000 SF
Building FAR
0.23
Lot Size
0.60 AC
Opportunity Zone
Yes
Zoning
C2 - General Commercial
Parking
10 Spaces (1.67 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Convenience Store
- Dry Cleaner
- Security System
- Signage
- Storage Space
- Air Conditioning
- Balcony
Property Taxes
| Parcel Number | 07-177631 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $384,800 |
Property Taxes
Parcel Number
07-177631
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$384,800
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