201 MILL STREET Cambridge, MD 21613

$280,000
201 MILL STREET, Cambridge, MD 21613
1009919322

Commercial Property for sale in Cambridge, MD

for $280,000. This building was built in 1903 on a lot size of 1.86 Acre(s).

Property Information

  • $280,000
  • Commercial
  • 0 Square Feet
  • Taxes are $1,454
  • Other / Unknown
  • Active
  • Lot size of 1.86 Acre(s)
  • Built in 1903
  • Cambridge, MD
  • Dorchester County
  • MLS/Web ID is 1009919322
  • Just Listed

Description

Historic "Academy School", built in 1903 and served as a public elementary school for many decades, 1.86 acre lot located near the Choptank River and downtown Cambridge in Historic West End District. Professionally designed plans on file for rehab of the structurally sound building into 8 senior citizen condos and a new detached building with 15 units and club house. Buyer may have and use these plans for approval, which had prior approval from City, now expired. Approved for 250K Federal Historic Tax Credit, subject to minor conditions, transferable to buyer. Once approved for 287K MD Historic Tax Credit, now expired, re-application allowed Aug, 2019. Subject to pending rezoning request for multi-family residential use, which has been well received.

Interior 3

Flooring

  • Wood Floors

Sewer

  • Public Sewer

Water Source

  • Public Water

Exterior 3

Construction

  • Brick

Lot Description

  • Corner
  • Historic

Road Frontage

  • County Road

Miscellaneous 1

Accessibility

  • Level Entry

† Excluded Feature

Neighborhood & Schools

School District: DORCHESTER COUNTY PUBLIC SCHOOLS
Elementary School: SANDY HILL
Middle School: MACE'S LANE
High School: CAMBRIDGE-SOUTH DORCHESTER

 See complete school information

Listed By

Broker: SHARON REAL ESTATE P.C.

201 MILL STREET, Cambridge, MD, 21613 is a Commercial Property for sale at $280,000 with 0 sqft and a lot size of 1.86 Acre(s). 201 MILL STREET has 0.0 baths and was built in 1903. The property's zip code is 21613 which is in Cambridge, MD

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Market Pricing

Average % of sale price Median % of sale price
All listings in Cambridge $452,550 62 % above $264,470 6 % below
Commerical listings in Cambridge $492,992 76 % above $349,000 25 % above
Sold listings in Cambridge $137,716 51 % below $103,000 63 % below

Get the facts about Cambridge, MD!

Population 12,638
Population Growth (since 2000) 10 %
Median Income $35,296
Median Age 38.53
Households w/ Children 27 %

Residential Dwellings

  • Owned 2483
  • Vacant 1049
  • Rented 2818

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