1226 OLD MADISON ROAD Madison, MD 21648

$399,000
1226 OLD MADISON ROAD, Madison, MD 21648
1000484414

Commercial Property for sale in Madison, MD

for $399,000. This 1,224 square foot building was built in 1950 on a lot size of 0.59 Acre(s).

Property Information

  • $399,000
  • Commercial
  • 1,224 Square Feet
  • Taxes are $1,162
  • Other / Unknown
  • Active
  • Lot size of 0.59 Acre(s)
  • Built in 1950
  • Madison, MD
  • Dorchester County
  • MLS/Web ID is 1000484414

Description

Extraordinary Opportunity for Marina, Seafood, Eco Tourism, Recreation Business. Many possible uses! Madison Bay Waterfront with 15 + Boats slips (4 'MLW) office, storage space and outbuildings (above ground fuel tanks). Property includes 1224 Old Madison Road (Tax ID # 89 ) with newer elevated 3 Br 2 1/2 house with 2 car garage & spectacular views. Commercial property Sold As Is.

Interior 6

Cooling System

  • Central Air
  • Electric Cooling
  • Wall Unit(s)

Heating Source

  • Electric

Heating System

  • Heat Pump
  • Hot Water Heater: Instant Hot Water
  • Hot Water Heater: Tankless
  • Wall Unit

Interior

  • Walls: Dry Wall
  • Walls: Masonry

Sewer

  • Public Sewer

Water Source

  • Community Well

Exterior 7

Amenities

  • Dock: Conveyance Physical Dock/Slip Conveys

Construction

  • Concrete
  • Frame

Parking

  • Parking Space Conveys

Road Frontage

  • County Road

Roof

  • Asphalt Shingles

Siding

  • Vinyl

Waterfront Description

  • Access
  • Bay
  • Private Dock Site
  • Waterfront Property

Miscellaneous 2

Location

  • Bay

View

  • Water View

† Excluded Feature

Neighborhood & Schools

School District: DORCHESTER COUNTY PUBLIC SCHOOLS

Listed By

Broker: BENSON & MANGOLD, LLC

1226 OLD MADISON ROAD, Madison, MD, 21648 is a Commercial Property for sale at $399,000 with 1,224 sqft and a lot size of 0.59 Acre(s). 1226 OLD MADISON ROAD was built in 1950. The property's zip code is 21648 which is in Madison, MD

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Pricing History

Date Price Price Change Description
8/17/2018 $399,000 -6.12 % Price Change
6/24/2018 $425,000 -5.35 % Price Change
5/4/2018 $449,000 Listed Price

Market Pricing

Average % of sale price Median % of sale price
All listings in Madison $250,550 37 % below $234,500 41 % below
Commerical listings in Madison $399,000 0 % below $399,000 0 % below
Sold listings in Madison $125,625 69 % below $84,000 79 % below

Get the facts about Madison, MD!

Population 223
Population Growth (since 2000) -12 %
Median Income $67,857
Median Age 52.98
Households w/ Children 16 %

Residential Dwellings

  • Owned 76
  • Vacant 49
  • Rented 13

Similar Listings

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