Property Details!

bedrooms |
full baths
0.79 ACRES
Year Built: 1920
ACTIVE
Virtual Tour
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.
Property Details
MLS #
MDAL2013456
Property Type
Commercial Sale
Listing Status
ACTIVE
Listing Price
$450,000
Year Built
1920
Lot Acreage
NA
Subdivision
City
CUMBERLAND
County
ALLEGANY
Water Source
Public
Sewer
Public Sewer
Zoning
R-U
Exterior Details
Home Type
Parking
Parking Lot
Interior Details
Interior Space
sq ft
Heating
Electric - Forced Air
Cooling
Electric - Central A/C,Window Unit(s)
Hot Water
None
Flooring
Concrete
Tile/Brick
Accessibility Features
Entry Slope <1',2+ Access Exits
Financial Details
County Tax
$1,377.50
Special Tax Assessment
$0
Tax Year
2026
Total Assessment
$290,600
Total Taxes
$1,378
Listing Courtesy of
Listing Office
Samson Properties
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