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    145 Baltimore St Cumberland, MD 21502

    For Sale
    $395,000

    Commercial Sale - CUMBERLAND, MD

    Type:Retail
    Lot size:
    0.12 Acres
    Days on Market:
    46
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 145 Baltimore St

    General Information

    Property type
    Other
    Property subtype
    Retail
    Standard status
    Active
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    1910
    Number of units
    3
    Building materials
    Masonry

    Coldwell Banker Professional Real Estate Services (301) 777-3380 [email protected]

    Listing agent Elizabeth A Rhodes (301) 777-3380 License #4989775

    Listing date Oct 21, 2025

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Iconic Cumberland Building For Sale

    Located in downtown Cumberland, this iconic landmark, known as The Peskins Building, has been a cornerstone of Cumberland business for decades. The property features two floors of retail space, with multiple upper-level areas suitable for offices, residential units, or other business needs. It includes two elevators: one for customers at the front and a large freight elevator at the rear of the building. The window display area is unmatched, and the covered front entry area is suitable for courtyard dining, a refreshment bar, artist displays, and other possibilities. The lot size is 0.12 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Cumberland Floral, Martin's Floral

    Location Insight

    • Map
    • Local Demand
    City
    Cumberland
    County
    Allegany
    State
    Maryland
    Longitude
    -78.75998
    Latitude
    39.65168

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    FAQs

    What type of property is this?
    Storefront property - Landmark building in downtown Cumberland with retail and development potential.
    Where is this storefront property located?
    The property is located at 145 Baltimore St Cumberland, MD.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: - Iconic landmark building in downtown Cumberland revitalization area.; - Two floors of retail space with multiple upper levels suitable for offices or residential units.; - Two elevators: one front customer elevator and one large rear freight elevator.
    (301) 777-3380
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    Cumberland, MD 21502
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    145 Baltimore St Cumberland, MD 21502
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