List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Friday, June 6th & ends Wednesday, June 11, 2025 at 12:30PM.
For more information, documents and to register to bid please visit the auctioneer’s website by using the link to the auctioneer's website below.
The property offers great potential for customization and value-add improvements! Zoned C-2 Commercial, it allows the new owner a wide range of commercial possibilities. The building is divided into two units, featuring a few front parking spaces and a rear parking lot. It offers approximately 2,594 sq. ft. of above-ground space on about 0.307 acres, per SDAT. Previously, one unit operated as a pharmacy and the other as a restaurant; the property is currently vacant.
Zoning C-2: "In the City of Cambridge, C2 zoning typically designates a commercial zone suitable for a range of community-serving businesses. This includes larger commercial establishments, allowing for a variety of commercial activities that benefit the community. Specific regulations within C2 zones might include requirements for minimum lot sizes, widths, and setbacks, as well as specific guidelines for permitted uses within the zone." Alex Cooper suggests contacting the City of Cambridge Planning & Zoning Department with any questions about the potential uses for the property.
Location: "An authentic Chesapeake town on Maryland’s Eastern Shore," located in the City of Cambridge. The property is in close proximity to shopping, restaurants & transportation routes. Heading east on Rt. 50 you enter Cambridge over the Choptank River on the Frederick C. Malkus Bridge. Per AI; "the Choptank River in Maryland is considered a good spot for various boat activities, including sailing, fishing, kayaking, and cruising, with many boaters enjoying its wide expanse of water, scenic views, and access to tributaries like Harris Creek and Broad Creek, making it ideal for exploring by boat."
Diligence Package: A copy of the purchase and sale agreement is located in the documents section. In order to gain access, you must create a free account as well as accept a non disclosure agreement.
Auction Notes: Online Auction Only! Online Auction Only! Bidding begins Friday, June 6th & ends Wednesday, June 11, 2025 at 12:30PM.
Online Bidding Notes: The initial deposit must be made via credit card, wire transfer or by Cashier's Check. Please review the online bidding terms and deposit transmittal form in the Documents Section for more details. If a lot receives a bid within the last 3 minutes. it will remain open for an additional 3 minutes. If any further bidding occurs, the extension timer will reset to 3 minutes. If no further bidding activity occurs, the lot closes when the timer runs out.
For more information, documents and to register to bid please visit the auctioneer’s website by using the link below