2918 Old Route 50Cambridge, MD 21613

Property Details for 2918 Old Route 50

Lot size

7.33 AC

Property type

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.

• CAP approach

  CAP return

  Valuation

  6%

  $58,486,600

  6.5%

  $53,987,600

  7%

  $50,131,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,652,000

  Geo Method

  $20,086,800

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $107,523,000

  Retail / Commercial

  $54,895,600

  Mixed-Use / Specialty

  $54,509,600

  Hospitality / Lodging

  $39,744,200

  Office

  $53,987,600

  Institutional / Educational

  $56,600,000

  Residential Income

  $66,222,000

  Multifamily

  $80,478,000

  Automotive / Energy

  $48,514,300

  Parking / Income-Based Land

  $16,929,700

  Restaurant / Food Service

  $27,944,800

  Healthcare / Senior Housing

  $56,093,700

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

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