2918 Old Route 50Cambridge, MD 21613
- Other commercial real estate
- 7.33 AC
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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