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About This Property
Rare opportunity to acquire a highly profitable turnkey marine retail and service business with 45 years of established success, along with approximately 1.1 +/- acres of prime commercial real estate on busy Washington Street in Cambridge, Maryland. With 11,000+ vehicles passing daily, the parcel offers exceptional visibility and maximum exposure. The property features a two-story, approximately 7,200-sq ft flex warehouse with an expansive retail showroom, office, multiple service bays, and ample second-story storage. The established retail operation offers a diverse selection of marine apparel, fishing gear, boating accessories, and cutting-edge marine products. The service department is supported by an extensive and loyal customer base developed over four decades, with the owner and two full-time certified mechanics providing a proven track record of quality service and customer satisfaction. A truly unique opportunity to acquire an established, profitable marine business, valuable commercial real estate, and a loyal customer base in a highly visible Cambridge location.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 3, 2026 | Listed by Meredith Fine Properties | $1,250,000 | |
| Listed by Meredith Fine Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017