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Key Details
Sold Price $122,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 3,996 sqft
Price per Sqft $30
MLS Listing ID MDDO2002426
Sold Date 03/20/23
Originating Board BRIGHT
Year Built 1925
Annual Tax Amount $2,227
Tax Year 2023
Lot Size 6,360 Sqft
Acres 0.15
Property Description
Multi-use commercial property known as 808 - 810 Race Street Cambridge MD for sale at $210,000. Sold as is where is. Zoning is NC-4 - contact City of Cambridge P & Z for guidance on specific use guidelines. Bus stop for scholastic use. City of Cambridge has recently placed new sidewalks. The front portion of the building is a prime retail and / or office location. The store, previously operated as E G Webster & Son LLC for generations, is no longer open - the large sign out front does not convey. Outside dimension of the building is +- 56' x 41'. Store dimensions - front room is +-35'L x 18'W x 9.5' H or +- 630 SF; and back room (with small loading door) is +-16'L x 16'W x 8'H or 256 SF. Active alarm system in the store. Seller recently installed efficient propane heaters for both rooms of the store. The property has two rentals properties previously generating a combined monthly income of $1215. Attic - empty, solid, with windows - one active chimney for Store and Apt B energy exhaust. For the property - three electric meters, two natural gas meters and two water meters.
Rental Details - Apartment 808 A (Vacant) - 1,354 SF, 3 BR 1 BA (utilities metered separately); Kitchen 14' x 15'; Br1 12' x 15'; Br2 12' x 15'; Br3 16' x 12'; Living room 16' x 19', Hall1 8' x 15'; Hall2 24' x 7'. Apartment 808 B - 975 SF - 2 BR 1 BA (water, sewer, garbage fees paid by store); Kitchen 15' x 17'; Bathroom 5' x 8'; Living Room 12' x 19'; Bedroom 12' x 14'; Front Room 19' x 14'; plus nook, hallway and an outside porch facing Race Street. There is one space to park - off street. Municipal Utilities Commission (annual $59 per unit fee) serves the property with water, sewer and trash removal (natural gas is provided by Chesapeake Utilities). Store (810) monthly utility costs averaged $115 (water) and $242 (electricity). Insurance coverage on three units is +- $2,364 / year. Both apartments have access and use of outside storage units.
Location
State MD
County Dorchester
Zoning NC-4
Interior
Hot Water Other
Heating Other
Cooling Other
Flooring Wood
Equipment See Remarks
Heat Source Other
Exterior
Utilities Available Phone, Sewer Available, Water Available
Waterfront N
Water Access N
View Street
Roof Type Asphalt
Street Surface Black Top
Accessibility None
Road Frontage City/County
Parking Type On Street
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Dorchester County Public Schools
Others
Tax ID 1007152337
Ownership Fee Simple
SqFt Source Assessor
Security Features Electric Alarm,Main Entrance Lock
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Financing Cash,Conventional,Exchange
Special Listing Condition Standard
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Bought with Penny M Introcaso • Benson & Mangold, LLC