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401 Academy Street, Cambridge, MD 21613
$390,000
401 Academy Street, Cambridge, MD 21613View this property at 401 Academy Street, Cambridge, MD 21613
401 Academy StreetCambridgeMD21613
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Property Description
2ND MAJOR PRICE ADJUSTMENT! 3100 SF +/- of divisible first floor professional Class A office space plus 1,150 SF +/- of office space on the second floor. Extensive renovations completed in 2015. Prominent, highly visible gateway location. Public parking right out the back door. Prime location near waterfront in Cambridge.
Full Property Details
Full Property Details for 401 Academy St
General
- Sold For: $390,000
- Taxes: $7,990 (2021)
- Status: Closed
- Type: Commercial
- MLS ID: MDDO125208
- Added: 1, 278 day(s) ago
Business
- Business Type: Professional
Rental Information
- Lease/Rent Term: 36 Months
Parking
- Parking Type: Off Site, Parking Lot
Location
- Municipality: Cambridge
- County: Dorchester
- Development Name: Cambridge
- Subdivision: Cambridge
- Driving Directions: Corner of Academy Street and Maryland Avenue
- City Limits: Yes
Heating & Cooling
- Cooling Type: Heat Pump(s)
- Cooling Fuel: Electric
- Heating Type: Heat Pump - Electric BackUp
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Builder: Willow Construction (renovation)
- Construction: Brick
- Stories/Levels: 2
- Year Built: 1935
- Year Built Source: Assessor
- Property Condition: Very Good
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.1
- Lot Size (Sq. Ft.): 4,277
- Lot Size Source: Assessor
- Zoning: D / WDD
Financial Considerations
- Price Per Sq. Ft.: $111.76
- Assessment Year: 2021
- City/TownTax: $3,548
- City/TownTax Freq: Annually
- County Tax: $4,441
- County Tax Freq: Annually
- Tax w/Assessment: $427,533
- Tax Amount: $7,990
- Tax Year: 2021
- Owner Pays: Taxes - Real Estate
- Landlord Pays: Taxes - Real Estate
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Ownership: Fee Simple
- Lot Number: 4
Listed by SVN/Miller Commercial Real Estate, Robert H Greenlee
Sold by Non Subscribing Office, Non Member
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Schools
Schools serving 401 Academy St
School District:Dorchester County Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
5225 Egypt Rd, Cambridge, MD 21613 | PK-5 | 2.2 mi | |
1101 Maces Ln, Cambridge, MD 21613 | 6-8 | 1.2 mi | |
2475 Cambridge Beltway, Cambridge, MD 21613 | 9-12 | 1.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 401 Academy St
Date
Details
Price
Change
Source
7/17/2023
Sold
$390,000
-17.89%
MLS
5/27/2021
Price Reduced
$475,000
-12.84%
MLS
4/29/2021
Price Reduced
$545,000
-8.4%
MLS
3/24/2020
Listed
$595,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
401 Academy Street, Cambridge, MD 21613 (MLS# MDDO125208) is a Commercial property that was sold at $390,000 on July 17, 2023. Want to learn more about 401 Academy Street? Do you have questions about finding other Commercial real estate for sale in Cambridge? You can browse all Cambridge real estate or contact a Coldwell Banker agent to request more information.