1204 Goodwill AveCambridge, MD 21613

Property Details for 1204 Goodwill Ave

Year built

1950

Lot size

5.94 AC

Property size (Sq ft)

4,606 SF

Zone code

GC

Property type

Warehouses

APN

07-159153

APU

7159153

Description

This exceptional 5.95-acre industrial property in Cambridge, Maryland, presents a unique investment opportunity. The main structure boasts approximately 4,606 square feet of robust double-block construction, ideal for a variety of industrial uses. The property's zoning designation is Industrial, falling within the Cambridge city limits and the advantageous Cambridge Enterprise Zone. Adding to its appeal, approximately two acres of the land have recently undergone significant improvements. These enhancements include the installation of a new fence and substantial hardscaping, encompassing grading and the application of crush and run material. This prepared area significantly enhances the property's functionality and usability. The property's strategic location and substantial size make it suitable for diverse applications, including service businesses, manufacturing operations, storage facilities, and more. Priced competitively within the current market, this property is expected to attract considerable interest. Its combination of size, improvements, and advantageous location makes it a compelling investment prospect. The existing infrastructure and prepared land area offer immediate operational potential, minimizing upfront development costs. This turnkey opportunity is ready for immediate occupancy and presents a rare chance to acquire a well-situated industrial property in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,680,330

  6.5%

  $1,551,070

  7%

  $1,440,280

• Comparable approach

  Method

  Valuation

  Relative Method

  $430,503

  Geo Method

  $463,622

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $791,898

  Mixed-Use / Specialty

  $786,330

  Hospitality / Lodging

  $573,332

  Office

  $778,800

  Institutional / Educational

  $816,485

  Residential Income

  $955,288

  Multifamily

  $1,160,940

  Automotive / Energy

  $699,845

  Parking / Income-Based Land

  $244,220

  Restaurant / Food Service

  $403,118

  Healthcare / Senior Housing

  $809,182

Location Insight

City

Cambridge

County

Dorchester

State

Maryland

Latitude

38.5559

Longitude

-76.0723

CBSA code

15700

CBSA name

CAMBRIDGE, MD MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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