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    163 Mechanic St Cumberland, MD 21502

    Sponsored
    For Sale
    $235,000

    Prime Location, Ample Parking, High Potential

    Property size:
    3,856 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This charming, historic brick building at 163 N Mechanic Street in Cumberland, MD, presents a unique investment opportunity. Spanning 3,856 square feet on a 0.23-acre lot, this mixed-use property offers exceptional versatility. Its previous use as professional office space showcases its adaptability for a variety of modern applications. The dual-level configuration allows for creative space planning, catering to diverse business needs or residential conversion. A significant advantage is the inclusion of a large private parking lot, a rare and valuable asset in this desirable location. The building's prime location near downtown Cumberland ensures high visibility and accessibility, attracting both customers and tenants. The property's character-rich architecture and timeless appeal combine with its practical features to create a compelling investment prospect for entrepreneurs and investors alike. The asking price is $235,000. This property is ready for its next chapter, offering a blend of historical charm and modern practicality. Its strategic location and ample parking make it an exceptional opportunity in the vibrant Cumberland market. Serious inquiries are encouraged to explore the full potential of this remarkable building.

    Property Features for 163 Mechanic St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    3,856 SF
    Lot Size
    10,019 SF

    Building Details

    Year Built
    1918
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use 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.

    Location Insight

    • Map
    • Local Demand
    City
    Cumberland
    County
    Allegany
    State
    Maryland
    Longitude
    -78.76466
    Latitude
    39.65404

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Location, Ample Parking, High Potential
    Where is this mixed-use property located?
    The property is located at 163 Mechanic St Cumberland, MD.
    What is the asking price?
    The asking price for this property is $235,000.
    (301) 689-8857
    Request Owner's contact information
    163 Mechanic St Cumberland, MD 21502
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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
    163 Mechanic St Cumberland, MD 21502
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