2925 Old Route 50/Ocean Gtwy, Cambridge, MD 21613

$995,000

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List Price
$995,000
Price Change
▼ $105,000 1778197521
Days on Market
293
Status
ACTIVE
MLS#
MDDO2010772
Year Built
1950
County
Dorchester
School District
Dorchester County Public Schools

Property Description

Two (2) parcels totaling 3.44 acres. An exceptional 3.44-acre commercial development site with approximately 525 feet of direct frontage on U.S. Route 50, the primary gateway to Maryland’s Eastern Shore. With triple road exposure along Route 50, Old U.S. Route 50, and Moose Lodge Road, the property delivers outstanding visibility and multiple access options, ideal for high-profile projects. Positioned just east of the Hyatt Regency Chesapeake Bay Resort, this site lies within Cambridge’s active retail and commercial corridor, where new development continues to expand. Parcels of this size and prominence are increasingly difficult to find. Adding further appeal, the property includes three existing homes that can generate rental income to help carry the note while plans progress, offering flexibility and reduced holding costs for investors and developers.

Additional Information

Taxes
$2305
School District
Dorchester County Public Schools
Heating
None
Heating Fuel
None
Cooling
None
Water
Other
Sewer
Public Sewer

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Calculator source: Real Geeks

Listing courtesy of Rinnier Development Co. Contact: (410) 742-8151