300 W Industrial Blvd,CUMBERLAND, MD 21502
CUMBERLAND, MD 21502
Description
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.
Details
| MLS # | MDAL2013456 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1920 |
| Days On Site | 290 |
| Listing Provided By | Samson Properties | Andrew R Fultz |
Features
| Units | 1 |
|---|---|
| Zoning | R-U |
| Acreage | 0.79 |
| Property View | City |
Interior
| Cooling | Central A/C, Window Unit(s) |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air, Baseboard - Electric |
Exterior
| Roof | Asphalt, Rubber, Metal |
|---|---|
| Construction Materials | Block, Cast Iron Plumbing, Combination, Concrete, CPVC/PVC, Glass, Mixed Plumbing, Rough-In Plumbing, Vinyl Siding |
| Foundation Details | Slab |
| Lot Features | Corner, Level, Not In Development, Road Frontage |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Fenced, Paved Parking, Private |
Utilities
| Utilities | Water Available, Sewer Available, Under Ground |
|---|
Taxes
| Tax Annual Amount | 1377.5 |
|---|
Area Information
| State | MD |
|---|---|
| County | ALLEGANY MD |
| City | CUMBERLAND |
| Zip Code | 21502 |
| Area | S Cumberland Allegany County (MDAL2) |
| School District | ALLEGANY COUNTY PUBLIC SCHOOLS |
| Listing VS Median (in 21502) | |
Price: $450,000 low | high Med: $179,000 On site: 290 low | high Med: 66 | |
Market Activity 21502
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Learn More About This Property
| State | MD |
|---|---|
| County | ALLEGANY MD |
| City | CUMBERLAND |
| Zip Code | 21502 |
| Area | S Cumberland Allegany County (MDAL2) |
| School District | ALLEGANY COUNTY PUBLIC SCHOOLS |
| Listing VS Median (in 21502) | |
Price: $450,000 low | high Med: $179,000 On site: 290 low | high Med: 66 | |
