2918 Old Route 50 Cambridge, MD 21613
Estimated payment $1,182/month
About This Lot
This 1.099 acre parcel of unimproved land in Cambridge, Maryland offers a prime commercial opportunity in a highly sought-after location. Situated along the major east/west corridor of the eastern shore of Maryland, the property benefits from excellent exposure on the heavily trafficked Route 50. The property's commercially zoned designation opens up a wide range of development possibilities, allowing for various business ventures and commercial enterprises. Whether you envision a retail establishment, office space, or a service-oriented business, this property allows for a myriad of uses.
One notable advantage of this property is its location in the county, which means there are no town taxes to contend with, potentially reducing operating costs for future businesses. Additionally, being situated along Route 50 ensures a steady stream of passing traffic, offering excellent visibility and the opportunity to attract customers from both local residents and visitors to the area. While the land is currently unimproved, the absence of existing structures presents a blank slate for customized development. As the property is located in the county, any future development would rely on well and septic systems.
Property Details
Property Type
- Land
Est. Annual Taxes
- $999
Lot Details
- 1.1 Acre Lot
- Additional Parcels
- Property is zoned B-2, Commercial
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 334
- Assessor Parcel Number 14-286583
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,390 | $291,633 | $0 | $0 |
| 2024 | $3,172 | $280,300 | $100,600 | $179,700 |
| 2023 | $3,172 | $279,900 | $0 | $0 |
| 2022 | $3,108 | $279,500 | $0 | $0 |
| 2021 | $6,327 | $279,100 | $100,600 | $178,500 |
| 2020 | $3,130 | $276,100 | $0 | $0 |
| 2019 | $3,097 | $273,100 | $0 | $0 |
| 2018 | $3,064 | $270,100 | $100,600 | $169,500 |
| 2017 | $2,969 | $267,867 | $0 | $0 |
| 2016 | -- | $265,633 | $0 | $0 |
| 2015 | -- | $263,400 | $0 | $0 |
| 2014 | -- | $263,400 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/21/2023 06/21/23 | Price Changed | $199,000 | -50.0% | -- |
| 07/01/2021 07/01/21 | For Sale | $398,000 | 0.0% | -- |
| 06/30/2021 06/30/21 | Off Market | $398,000 | -- | -- |
| 07/09/2020 07/09/20 | For Sale | $398,000 | 0.0% | -- |
| 06/30/2020 06/30/20 | Off Market | $398,000 | -- | -- |
| 07/12/2018 07/12/18 | For Sale | $398,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $210,000 | -- | |
| Deed | $100,000 | -- |
Source: Bright MLS
MLS Number: 1002029632
APN: 14-002995
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