$3,430,000
$3,750,000
8.5%For more information regarding the value of a property, please contact us for a free consultation.
56,677 SqFt
SOLD DATE : 09/09/2024
Key Details
Sold Price $3,430,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 56,677 sqft
Price per Sqft $60
Subdivision Route 50
MLS Listing ID MDDO2007168
Sold Date 09/09/24
Originating Board BRIGHT
Year Built 1986
Annual Tax Amount $23,804
Tax Year 2024
Lot Size 5.000 Acres
Acres 5.0
Property Description
Cambridge - income producing property on 5 +/- acres. Improvements include a 30,000+/- sq. ft. warehouse/industrial building currently configured into 3 spaces plus a retail showroom (Fire Marshall approved), fully sprinkled, upstairs offices plus a fenced yard area. Recent bathroom, roof and HVAC upgrades. LED lights throughout. Owner's office features heated floors.
Additional improvements include (4) 130' x 30' mini storage buildings plus a 150' x 55' climate controlled mini storage building, and (4) contractor units running at 95% to 98% occupancy. There is an additional fenced storage yard on the property. Nice signage and recent upgrades to the parking lot.
Just off Rt. 50 on the corner of Rt.16S and Chesapeake Drive.
Location
State MD
County Dorchester
Zoning I
Interior
Hot Water Electric
Heating Heat Pump(s), Forced Air
Cooling Ductless/Mini-Split
Flooring Concrete
Heat Source Electric, Natural Gas
Exterior
Garage Spaces 16.0
Waterfront N
Water Access N
Accessibility Other
Parking Type Parking Lot
Total Parking Spaces 16
Garage N
Building
Lot Description Cleared, Corner
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Dorchester County Public Schools
Others
Tax ID 1007192126
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Ida L Semenuk • Home Selling Assistance Plus, LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "