Listed By:
Andrew R Fultz with Samson Properties - 3049182740;

Andrew R Fultz with Samson Properties - 3049182740;

$ 450,000 300 W Industrial Boulevard Cumberland, MD

MLS: MDAL2013456   Type: Commercial   County: Allegany   City: Cumberland   Area: S Cumberland - Allegany County   Zip: 21502   Style: Cold Storage     Taxes: $1,377

Mortgage $2,113 /mo

Beds

Baths

Half Baths

Sqr Footage

Acres

Built

0

0

0

22,888

0.79

1920

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.

Elementary School

Middle School

High School

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Distance: N/A Miles
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Sewer Public Sewer
Heating Forced Air,Baseboard - Electric
Cooling Central A/C,Window Unit(s)
Utilities Water Available,Sewer Available,Under Ground
Possession Immediate,Settlement
Roof Asphalt,Rubber,Metal
Zoning R-U
Construction Materials Block,Cast Iron Plumbing,Combination,Concrete,CPVC/PVC,Glass,Mixed Plumbing,Rough-In Plumbing,Vinyl Siding
Year Built 1920
Electric 200+ Amp Service
View City
Property Subtype Mixed Use
Tax Year 2026
Ownership Fee Simple
Cool Fuel Electric
Business Type Cold Storage
Accessibility Entry Slope <1',2+ Access Exits
County ALLEGANY
New Construction N
Property Type Commercial Sale
Possible Use Apartment Building,Apartments,Commercial,Development,Flex Space,Food & Beverage,Industrial,Investment,Manufacturing,Mini-Storage,Mixed Use,Multi-Family,Office,Parking,Printing,Professional Service,Re
Water Access Y/N N
Property Use Investment
Transportation Airport less than 10 miles,Commuter Lots less than 5 miles
Status ACTIVE
Directions From I-70 W,merge onto I-68 W towards Cumberland. Take exit 43B toward Industrial Blvd/MD-51/Airport. Turn left onto Howard St. Turn right onto E Industrial Blvd (MD-51). Turn left onto Seymour St. T
City CUMBERLAND
Disclosures Build to Suit,Lead Based Paint - State,Owner RE Licensee,Sell Entirely
Number Of Units Total 1
MLS Area S Cumberland - Allegany County (MDAL2)
Lot Size Units Square Feet
Lot Size Square Feet 34412.00
Tax Assessed Value 290600.0
Tax Annual Amount 1377.5
Property Condition Major Rehab Needed,Below Average
Price Per Sq Ft Total AG 19.66
Acceptable Financing Cash,Conventional,Joint Venture,Seller Financing,Bank Portfolio,Industrial Development Authority,Negotiable,Private,Rural Development
Lease Considered Y/N N
Vacation Rental Y/N N
Virtual Tour https://tour.giraffe360.com/7c7383f77c154fe781813e4a49bc278b
Location Type Corner Lot/Unit
Standard Status Active
Year Built Source Estimated
Tax Lot 62-67

Interior Features

Heating Fuel Electric,Natural Gas Available
Flooring Concrete,Tile/Brick
Hot Water None
Heating Y/N Y
Central Air Y/N Y
Total Restrooms 2
Clear Span Ceiling Height 8' to 10',15' to 18',18' to 24'

Exterior Features

Parking Features Fenced,Paved Parking,Private
Lot Features Corner,Level,Not In Development,Road Frontage
Water Source Public
Inclusions Everything currently on site
Total Parking Spaces 48
Type of Parking Parking Lot
Land Use Code I
Traffic Count 10000-14999
Foundation Details Slab
Water View Y/N N
Building Area Total 22888.00
Lot Dimensions 220 x 154 x 266 x 130
Lot Size Acres 0.79
Road Surface Type Black Top
Road Frontage Length 130
Lot Size Source Estimated
Waterfront Y/N N
Door Features Insulated
Total Loading Docks 9
Road Responsibility City/County
Land Assessed Value 39600.00
Navigable Water Y/N N
Water Oriented Y/N N
Fencing Y/N Y
LotDimensionsSource Estimated
Car Parking Spaces 40

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Direct Link:

https://shannonthayer.douglasrealty.info/property/382-MDAL2013456-300-w-industrial-boulevard-cumberland-MD-21502

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Property vs Zip Code Avg (21502)

Price 450K Avg 0

Sqr Feet 22,888 Avg 0

Cost / Sqr Ft $20 Avg $0

Taxes $1,377 Avg $0

Acres 0.79 Avg 0

Visits 163 Avg 0

Days on Site 308 Avg 20,720

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Listed By: Andrew R Fultz with Samson Properties - 3049182740;




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Location & Address

Shannon Thayer
8221 Ritchie Hwy Ste 101
Pasadena, MD
443-815-9156