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 Features
Listing Office:
Office Name: SVN/Miller Commercial Real Estate
Office Phone: (410) 543-2440
Listing Agent: John McClellan
Lot Features
Lot Information:
Lot Size: 1.10 Acres
Other
Directions Information:
Directions: Located on the east side of Cambridge with exposure on the major Rt 50 east/west corridor.
Municipality:
Cambridg
Price Information
Listing Price Info
Price Summary:
List Price: $199,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Cambridge, MD.
This property is $61K less than the Median Sold Price in Cambridge, MD.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #1002029632
Listing Office:
Office Name: SVN/Miller Commercial Real Estate
Office Phone: (410) 543-2440
Listing Agent: John McClellan
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,061
Per Month
Principal & Interest
$994
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$663
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
1
/10
Choptank Elementary School
1103 Maces Ln
Distance between this listing and this school2.70 miles
Public District Grades PK-5
4
/10
Maple Elementary School
5225 Egypt Rd
Distance between this listing and this school2.93 miles
Public District Grades PK-5
1
/10
Sandy Hill Elementary School
1503 Glasgow St
Distance between this listing and this school3.21 miles
Public District Grades PK-5
Nearby Schools
1
/10
Mace's Lane Middle School
1101 Maces Ln
Distance between this listing and this school2.75 miles
Public District Grades 6-8
4
/10
North Dorchester Middle School
5745 Cloverdale Rd
Distance between this listing and this school9.21 miles
Public District Grades 6-8
9
/10
South Dorchester School
3485 Golden Hill Rd
Distance between this listing and this school13.34 miles
Public District Grades PK-8
Nearby Schools
3
/10
Cambridge-South Dorchester High School
2475 Cambridge Beltway
Distance between this listing and this school2.64 miles
Public District Grades 9-12
5
/10
North Dorchester High School
5875 Cloverdale Rd
Distance between this listing and this school9.36 miles
Public District Grades 9-12
7
/10
Mardela Middle & High School
24940 Delmar Rd
Distance between this listing and this school17.06 miles
The neighbors living near this home have an average income of $36,957. Residents of Cambridge, MD typically earn less than $35k each year. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Living In Cambridge, MD
Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.
What type of housing is available in Cambridge, MD?
Cambridge offers a diverse housing market with a blend of architectural styles that cater to a range of preferences. The area is characterized by a mix of single-family homes, which form the majority of the housing stock, and a selection of apartments and townhouses. The architectural styles vary, with a notable presence of Victorian, Colonial, and Cape Cod homes that reflect the city's rich history. The housing market is complemented by newer developments that offer modern amenities, catering to contemporary tastes.
Is Cambridge, MD a good place to live?
Cambridge is celebrated for its rich historical heritage and vibrant cultural scene. The community prides itself on its waterfront charm and the sense of camaraderie among residents. Annual events, such as the Cambridge Classic Powerboat Regatta, embody the city's maritime traditions and bring the community together. The city's character is further defined by its scenic landscapes and the preservation of its historical architecture, providing a picturesque backdrop for both residents and visitors.
Are things conveniently located in Cambridge, MD?
The community is served by a network of public schools, including several elementary, middle, and high schools, as well as private educational institutions that offer alternative learning environments. Healthcare services are available through local clinics and a regional hospital that provides a range of medical services. Cambridge also features a public library system that supports the community's educational and informational needs. Retail and dining options are plentiful, with local businesses and restaurants reflecting the area's culinary diversity and cultural heritage.
What does the transportation in Cambridge, MD look like?
Transportation in Cambridge includes a variety of options for residents and visitors. The city's layout and infrastructure support a moderate level of walkability, particularly in the downtown area and along the waterfront. For those relying on public transit, there are bus services that connect key areas of the city, with schedules designed to accommodate the needs of commuters and local travelers. The road network provides easy access to major highways, facilitating travel to nearby cities and attractions. While specific ride-sharing services are available, the city also encourages the use of bicycles, with several bike-friendly routes available.
Frequently Asked Questions About 2918 Old Rte 50
What is the listing price of this property?
The listing price of 2918 Old Rte 50 property is $199,000.
What type of property is this?
The property 2918 Old Rte 50 is land located in Cambridge, Maryland, 21613.
Is this property for sale now?
Active Listing: 2918 Old Rte 50 is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 2918 Old Rte 50 in Cambridge, MD and zip code 21613. This home sits on a 1.10 acre lot. It has been listed on Rocket Homes since December 24, 2020 and is currently priced at $199,000.
While more than 5 listings in Cambridge, MD in October 2024 were sold above asking price, there were more than 6 listings sold at asking price, and more than 15 were sold below. The number of listings in Cambridge, MD increased by 8.1% between September 2024 and October 2024. In October 2024, listings were on the market for 58 days. During the same period, the median list price in this real estate market was $260,000.
From Rocket Homes Real Estate and based on county public records data.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. 
Pro Wrestling
Pro Wrestling
Figure Skating
PGA/LPGA
Wal-Mart
Kmart
Family Dollar
Sonic
Bob Evans
Dominos Pizza
Oldsmobile
Buick
Ford
Contemporary Inspirational
New Country