2918 Old Route 50Cambridge, MD 21613

  • Other commercial real estate
  • 7.33 AC
For Sale
$199,000 View listing

Property Details for 2918 Old Route 50

Lot size
7.33 AC
Property type
Other commercial real estate
APN
14-015876
APU
14015876

Description

This exceptional 1.099-acre commercial land parcel presents a prime development opportunity in Cambridge, Maryland. Strategically located on Route 50, this property boasts unparalleled visibility and high traffic counts, making it ideal for a variety of commercial ventures. The B-2 Commercial zoning allows for diverse development options, including retail establishments and office spaces. The asking price is $199,000, translating to $180,909 per acre, reflecting the significant value of this highly desirable location. The address is 2918 Old Rte 50, Cambridge, MD 21613, situated in Dorchester County. Its precise coordinates are latitude 38.554147 and longitude -76.041513. This land is level and ready for immediate development, eliminating lengthy and costly site preparation. The high volume of traffic on Route 50 ensures significant exposure for any business established here. This is a rare opportunity to acquire a highly visible and strategically located commercial property in a growing market. Don't miss this chance to capitalize on the potential of this exceptional land parcel.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $59,068,776
    Hospitality
    $54,106,680
    Educational
    $45,016,124
    Medical
    $46,564,296
    Retail
    $70,025,080
2918 Old Route 50, Cambridge, Maryland

Location Insight

City
Cambridge
County
Dorchester
State
Maryland
Latitude
38.555
Longitude
-76.0408
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
$3,462
$147,400
$158,500
$305,900
-
$147,400
$158,500
$305,900

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