505 Maryland AveCambridge, MD 21613

Property Details for 505 Maryland Ave

Year built

1940

Construction

WOOD

Lot size

0.22 AC

Property size (Sq ft)

1,848 SF

Zone code

C-2

Property type

Office properties

Property subtype

Office buildings

APN

07-172656

APU

7172656

Description

This 2,616 square foot office building at 505 Maryland Avenue in Cambridge, MD, presents a fantastic opportunity. Boasting a highly visible location and convenient access to Route 50, this property offers exceptional accessibility for clients and employees. The building features multiple office spaces spread across two floors, providing ample room for a variety of business needs. Hardwood floors throughout add a touch of elegance and sophistication. A well-equipped kitchenette is conveniently located for staff and visitors. Significant storage space is available, including a full basement and attic, offering versatile options for archiving, inventory, or additional workspace. The 0.22-acre lot provides ample parking and outdoor space. The asking price for this well-maintained and strategically located office building is $275,000. This property is ideal for businesses seeking a prominent presence in a thriving area with easy highway access. Its versatile layout and abundant storage make it suitable for a wide range of professional uses. Don't miss this chance to acquire a valuable commercial asset in a prime Cambridge location.

• CAP approach

  CAP return

  Valuation

  6%

  $298,681

  6.5%

  $275,706

  7%

  $256,013

• Comparable approach

  Method

  Valuation

  Relative Method

  $107,953

  Geo Method

  $116,258

• Alternative Use

  Use

  Valuation

  Residential

  $341,875

  Hospitality

  $313,156

  Educational

  $260,542

  Medical

  $269,503

  Retail

  $405,288

Location Insight

City

Cambridge

County

Dorchester

State

Maryland

Latitude

38.5684

Longitude

-76.0656

CBSA code

15700

CBSA name

CAMBRIDGE, MD MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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