405 Cherry StCambridge, MD 21613

  • Land
  • 2,705 SF
For Sale
$120,000 View listing

Property Details for 405 Cherry St

Lot size
0.33 AC
Property size (Sq ft)
2,705 SF
Zone code
C-2
Property type
Land
Property subtype
Commercial land
APN
07-159056
APU
7159056

Description

This exceptional 0.33-acre commercial land parcel presents a unique investment opportunity in the thriving city of Cambridge, Maryland. Located at 405 Cherry Street, this property is zoned for commercial use, offering significant potential for a variety of development projects. The convenient location within Dorchester County provides easy access to major transportation routes and local amenities, making it an ideal site for businesses seeking high visibility and accessibility. The asking price for this strategically positioned lot is $120,000. With its generous size and prime commercial zoning, this property is well-suited for a range of commercial ventures, from retail establishments and office spaces to light industrial uses. The property's address is 405 Cherry St, Cambridge, MD 21613. Its precise coordinates are latitude 38.5687154 and longitude -76.0747816. Serious inquiries are encouraged to explore the possibilities this exceptional land offering presents. Don't miss this chance to acquire a valuable piece of commercial real estate in a dynamic and growing market. The property is ready for immediate development, presenting a streamlined path to realizing your commercial vision. This is a rare opportunity to secure a well-located, commercially zoned lot at an attractive price point.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $500,418
    Hospitality
    $458,380
    Educational
    $381,367
    Medical
    $394,483
    Retail
    $593,238
405 Cherry St, Cambridge, Maryland

Location Insight

City
Cambridge
County
Dorchester
State
Maryland
Latitude
38.5685
Longitude
-76.0749
CBSA code
15700
CBSA name
CAMBRIDGE, MD MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$717
$38,800
-
$38,800
-
$38,800
-
$38,800

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