808 (& 810) Race Street

Description

Multi-use commercial property known as 808 - 810 Race Street Cambridge MD for sale at $210,000. Sold as is where is. Zoning is NC-4 - contact City of Cambridge P & Z for guidance on specific use guidelines. Bus stop for scholastic use. City of Cambridge has recently placed new sidewalks. The front portion of the building is a prime retail and / or office location. The store, previously operated as E G Webster & Son LLC for generations, is no longer open - the large sign out front does not convey. Outside dimension of the building is +- 56' x 41'. Store dimensions - front room is +-35'L x 18'W x 9.5' H or +- 630 SF; and back room (with small loading door) is +-16'L x 16'W x 8'H or 256 SF. Active alarm system in the store. Seller recently installed efficient propane heaters for both rooms of the store. The property has two rentals properties previously generating a combined monthly income of $1215. Attic - empty, solid, with windows - one active chimney for Store and Apt B energy exhaust. For the property - three electric meters, two natural gas meters and two water meters. Rental Details - Apartment 808 A (Vacant) - 1,354 SF, 3 BR 1 BA (utilities metered separately); Kitchen 14' x 15'; Br1 12' x 15'; Br2 12' x 15'; Br3 16' x 12'; Living room 16' x 19', Hall1 8' x 15'; Hall2 24' x 7'. Apartment 808 B - 975 SF - 2 BR 1 BA (water, sewer, garbage fees paid by store); Kitchen 15' x 17'; Bathroom 5' x 8'; Living Room 12' x 19'; Bedroom 12' x 14'; Front Room 19' x 14'; plus nook, hallway and an outside porch facing Race Street. There is one space to park - off street. Municipal Utilities Commission (annual $59 per unit fee) serves the property with water, sewer and trash removal (natural gas is provided by Chesapeake Utilities). Store (810) monthly utility costs averaged $115 (water) and $242 (electricity). Insurance coverage on three units is +- $2,364 / year. Both apartments have access and use of outside storage units.