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$995,000 -$105,000 (-9.55%) Price Reduced

  • For Sale
  • Active
  • Commercial Investment
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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.

Full Property Details for 2925 Old Route 50/Ocean Gateway

General

  • Price: $995,000
  • Taxes: $2,305 (2025)
  • Status: Active
  • Type: Commercial Investment
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDDO2010772
  • Updated: 5/7/2026
  • Added to Site: 212 day(s) ago

Business

  • Business Type: Other

Parking

  • Parking Type: None

Location

  • County: DORCHESTER
  • Driving Directions: Located off US Route 50 (Ocean Gateway)

Heating & Cooling

  • Cooling Type: None
  • Heating Type: None
  • Water Heater: None

Utilities

  • Sewer: Public Sewer
  • Water: Other

Structural Information

  • Construction: Other
  • Year Built: 1950
  • Year Built Source: Estimated

Unit Information

  • # Tenants: Multiple
  • Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 3

Lot Features

  • Zoning: B2

Financial Considerations

  • County Tax: $2,305
  • County Tax Freq: Annually
  • Tax w/Assessment: $225,933
  • Tax Amount: $2,305
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Other

Listed by Rinnier Development Co, Matthew Trader

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Listing agent

— 2925 Old Route 50/Ocean Gateway —

  • Matthew Trader

    Rinnier Development Co

Listing Office Email: brinnier@rinnier.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 2925 Old Route 50/Ocean Gateway

School District:Dorchester County Public Schools
NameGradesDistance
Maple Elementary School
5225 Egypt Road, Cambridge, MD 21613
PK-53.1 mi
Mace's Lane Middle School
1101 Maces Lane, Cambridge, MD 21613
6-82.9 mi
Cambridge-South Dorchester High School
2475 Cambridge Beltway, Cambridge, MD 21613
9-122.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2925 Old Route 50/Ocean Gateway Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/07/2026
Price Reduced
$995,000
-9.55%
MLS
10/08/2025
Listed
$1,100,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2925 Old Route 50/Ocean Gateway

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,640
15%
$225,933
9%
2023
$2,297
—
$207,300
3%
2023
$2,297
6%
$201,200
3%
2022
$2,170
16%
$195,100
3%
2017
$1,877
-13%
$189,000
—
2021
$2,162
—
$189,000
—
2020
$2,162
-5%
$189,000
-5%
2019
$2,270
2%
$198,700
—
2018
$2,218
—
$198,700
—
2017
$2,222
-1%
$198,700
-1%
2016
$2,247
—
$201,000
—
2015
$2,247
—
$201,000
—
2014
$2,247
—
$201,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 2925 Old Route 50/Ocean Gateway

$
Down Payment
%
$
%

$
$

*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Rinnier Development Co, Matthew Trader

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2925 Old Route 50/Ocean Gtwy, Cambridge, MD 21613 (MLS# MDDO2010772) is a Commercial Investment property. 2925 Old Route 50/Ocean Gtwy is currently listed for $995,000 and was received on October 08, 2025. Want to learn more about 2925 Old Route 50/Ocean Gtwy? Do you have questions about finding other Commercial Investment real estate for sale in Cambridge? You can browse all Cambridge real estate or contact a Coldwell Banker agent to request more information.

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