Property profile

215 Elder St Cumberland, MD 21502

FOR SALE
Restaurants
Property ID
US40-1171616
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Property summary

AI-generated overview

Large Restaurant? Microbrewery? Entertainment Complex? 350' from C&O Canal National Historical Park and GAP Trail - on Canal Parkway which connects Mineral County WV to Downtown Cumberland MD. Large old building with interesting details glass blocks, exposed beams, large covered open air section. in good condition with recent metal roofing used to make shipping crates, pallets and boxes for about 100 years. 3 very large areas that are clear span with no columns. Biggest area could be opened up as 1 level (wood floor removed pour new floor) for much higher ceilings. 2.4 acres on a busy corner with entrances on 2 side streets. The entire site is fenced. Liberal Business-Commercial Zoning designation and all public utilities on site. over 11, 000 cars per day

Property profile

Verified
Property type Restaurants
UPID US40-1171616

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility

Location

215 Elder St Cumberland, MD 21502
Cumberland metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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