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808 (& 810) Race Street, Cambridge, MD 21613
$122,000
808 (& 810) Race Street, Cambridge, MD 21613View this property at 808 (& 810) Race Street, Cambridge, MD 21613
808 (& 810) Race StreetCambridgeMD21613
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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.
Full Property Details
Full Property Details for 808 (& 810) Race St
General
- Sold For: $122,000
- Taxes: $2,227 (2023)
- Status: Closed
- Type: Apartment
- MLS ID: MDDO2002426
- Added to Site: 753 day(s) ago
Business
- Business Type: Apartment Building, Professional, Flex
Interior
- Flooring: Wood
Rooms
Bathrooms
- Restrooms: 1
Additional Information
- Security/Safety: Electric Alarm, Main Entrance Lock
Parking
- Parking Type: On Street
Location
- Municipality: Cambridge
- County: Dorchester
- Driving Directions: Exit off Rt 50 onto Cedar Street south. Turn left on Peach Blossom Avenue, then right on Robbins Street. Property is on right (at the corner of Robbins St and Race St).
- Location Details: Free Standing
- City Limits: Yes
Heating & Cooling
- Cooling Type: Other
- Cooling Fuel: Other
- Heating Type: Other
- Heating Fuel: Other
- Water Heater: Other
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Phone, Sewer Available, Water Available
Structural Information
- Construction: Frame
- Roof: Asphalt
- Stories/Levels: 0
- Year Built: 1925
- Year Built Source: Assessor
- Property Condition: Below Average
Unit Information
- # Tenants: Multiple
Lot Features
- Property View: Street
- Lot Size (Acres): 0.15
- Lot Size (Sq. Ft.): 6,360
- Lot Size Source: Assessor
- Street/Road Desc.: Black Top
- Zoning: NC-4
Financial Considerations
- Price Per Sq. Ft.: $48.8
- Water/Sewer Hookup: $59
- Assessment Year: 2023
- City/TownTax: $975
- City/TownTax Freq: Annually
- County Tax: $1,252
- County Tax Freq: Annually
- Tax w/Assessment: $123,167
- Tax Amount: $2,227
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
- Inclusions: Retail / grocery equipment in the store will convey "as is where is" with no warranties. Multiple shelving units and refrigerated equipment will convey if desired by the Buyer.
Listed by Benson & Mangold, LLC, Robert L Rich Jr.
Sold by Benson & Mangold, LLC, Penny M Introcaso
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Schools
Schools serving 808 (& 810) Race St
School District:Dorchester County Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
5225 Egypt Rd, Cambridge, MD 21613 | PK-5 | 1.7 mi | |
1101 Maces Ln, Cambridge, MD 21613 | 6-8 | 0.8 mi | |
2475 Cambridge Beltway, Cambridge, MD 21613 | 9-12 | 1.4 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 808 (& 810) Race St
Date
Details
Price
Change
Source
3/20/2023
Sold
$122,000
-37.44%
MLS
2/21/2023
Price Reduced
$195,000
-7.14%
MLS
12/08/2022
Price Reduced
$210,000
-4.55%
MLS
11/10/2022
Price Reduced
$220,000
-2.22%
MLS
8/09/2022
Price Reduced
$225,000
-15.09%
MLS
7/11/2022
Price Reduced
$265,000
-10.17%
MLS
5/12/2022
Price Reduced
$295,000
-7.81%
MLS
4/20/2022
Listed
$320,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
808 (& 810) Race Street, Cambridge, MD 21613 (MLS# MDDO2002426) is a Apartment property that was sold at $122,000 on March 20, 2023. Want to learn more about 808 (& 810) Race Street? Do you have questions about finding other Apartment real estate for sale in Cambridge? You can browse all Cambridge real estate or contact a Coldwell Banker agent to request more information.