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    71 Prospect Sq Cumberland, MD 21502

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    For Sale
    $250,000

    Historic district property with office, hospitality, or residential potential.

    Lot size:
    0.16 Acres

    Property Features for 71 Prospect Sq

    General Information

    Lot size
    0.16 Acres

    Building Details

    Year built
    1875

    Source: Charis Realty Group Agent Stephen MacGray

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic District Mixed-Use Opportunity

    Located in the heart of the historic district on Prospect Square, this property offers a unique opportunity. Prospect Square includes the Court House, Library, Churches, and historically significant buildings. The city was once the second largest in Maryland. The property has potential uses such as an office, bed and breakfast, or apartments. The property offers over 4,000 square feet of available space and a river view from the rooftop. Centrally located approximately two hours from Washington DC, Baltimore, and Pittsburgh.
    Insight Report Location Intelligence

    Current Use by Public Records

    G. Gary Hanna ... Attorney Mc Whirter Patrick ... Accountant

    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

    Allconet, Bruce House Inn, Downtown on Centre, Cumberland Wineow Street Hotel, Cumberland Inn & Spa

    Location Insight

    • Map
    • Local Demand
    City
    Cumberland
    County
    Allegany
    State
    Maryland
    Longitude
    -78.7665364
    Latitude
    39.6503621

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    FAQs

    What type of property is this?
    Bed & breakfast - Historic district property with office, hospitality, or residential potential.
    Where is this bed & breakfast located?
    The property is located at 71 Prospect Sq Cumberland, MD.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - Located in the heart of the historic district on Prospect SQ, near the Court House, Library, and Churches.; - River view from the rooftop.; - Over 4,000 sq ft of available space.
    (301) 707-8888
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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
    71 Prospect Sq Cumberland, MD 21502
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