Property summary
This exceptional 0.33-acre commercial land parcel presents a unique investment opportunity in the thriving city of Cambridge, Maryland. Located at 405 Cherry Street, this property is zoned for commercial use, offering significant potential for a variety of development projects. The convenient location within Dorchester County provides easy access to major transportation routes and local amenities, making it an ideal site for businesses seeking high visibility and accessibility. The asking price for this strategically positioned lot is $120,000. With its generous size and prime commercial zoning, this property is well-suited for a range of commercial ventures, from retail establishments and office spaces to light industrial uses. The property's address is 405 Cherry St, Cambridge, MD 21613. Its precise coordinates are latitude 38.5687154 and longitude -76.0747816. Serious inquiries are encouraged to explore the possibilities this exceptional land offering presents. Don't miss this chance to acquire a valuable piece of commercial real estate in a dynamic and growing market. The property is ready for immediate development, presenting a streamlined path to realizing your commercial vision. This is a rare opportunity to secure a well-located, commercially zoned lot at an attractive price point.
Property profile
VerifiedCap rate & NOI
Current use
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Gas Company
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Cambridge, MDZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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