OWNER FINANCING – Mixed-Use Opportunity on Route 50
2835 Ocean Gateway, Cambridge, MD – $150,000
Zoned B-2 (General Business District) — allowing both commercial and residential use — this property offers rare flexibility and 30,000+ vehicles per day of exposure on one of the Eastern Shore’s busiest corridors.
Whether you’re starting a business, converting to a live/work setup, or holding as an investment, this is your chance to own prime real estate on Route 50 with owner financing available — no bank required.
Property Highlights:
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- 648 sq. ft. building on a 50’ x 150’ lot (10,018 sq. ft.)
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- Zoned B-2 – permits both commercial and residential uses
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- Located directly on eastbound Route 50 (Ocean Gateway)
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- High traffic count – over 30,000 cars per day
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- OWNER FINANCING AVAILABLE – Flexible terms, low down payment
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- Lease-Purchase option also available
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- New gas forced-air heating unit (2024)
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- Replacement windows and approx. 15-year-old roof
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- Public water and sewer
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- Large yard with off-street parking potential
Needs Interior Updates:
Cosmetic upgrades (paint, flooring, fixtures) and winter pipe insulation. Structurally sound with great upside for those ready to personalize or repurpose.
Use Ideas:
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- Retail shop, salon, or professional office
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- Live/work conversion
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- Residential rental
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- Investment hold with flexible exit strategy
Contact:
Sydney Cohee at Sharon Real Estate
410-476-7519
sydney@cbchesapeake.com