$ 450,000
-
$450,000
Price -
0
Bed -
0
Bath -
22,888
SqFt
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About the Listing SAMP42 - 3054194
This commercial property presents a compelling investment opportunity, strategically located on a prominent corner lot with excellent road frontage. Traffic Count of nearly 15k. Spanning 0.79 acres, the level terrain offers versatility for various development options. Originally constructed in 1920, the building features a robust mix of materials, including block and concrete, though it requires significant rehabilitation, presenting an opportunity for value-add renovations. The now gutted condition allows for potential investors to capitalize on the property's intrinsic value through strategic improvements and opportunity. Some engineering plans exist for the addition of roughly 16 apartments, the potential for an indoor storage facility and even a cold storage/office area. The city location enhances the appeal, making it suitable for a range of commercial uses if those ideas aren't for you. With fenced, paved parking available, this property is poised for growth in a dynamic market. Investors can anticipate substantial returns by revitalizing this asset in a location with promising future development potential. NDA and HHA required before showings are granted. Build to Suit option available.
Listing Highlights
Status
Active
Days on Site
25
Property Type
Commercial Sale
MLS ®
MDAL2013456
Year Built
1920
Total Square Footage
22,888
Lot/Acreage
0.79
County
Allegany
School District
Allegany County Public Schools
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central A/C,Window Unit(s)
- Heating: Forced Air,Baseboard - Electric
- Fireplaces:
- Floor: Concrete,Tile/Brick
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Corner,Level,Not In Development,Road Frontage,Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Parking Spaces: 48
- Lot Dimensions: 220 x 154 x 266 x 130
- Zoning: Light Manufacturing (City officials OK changing to Mixed Use)
- Roof: Asphalt,Rubber,Metal
- Others: Major Rehab Needed,Below Average
- Sewer: Public Sewer
- Parking Features: Fenced,Paved Parking,Private,Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $1,378
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Questions About..
300 W Industrial Boulevard Cumberland, MD 21502
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