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231 Virginia Ave Cumberland, MD 21502

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For Sale
$450,000

Established flooring business with two income-generating apartments.

Lot size:
0.15 Acres

Property Features for 231 Virginia Ave

General Information

Property type
Commercial
Standard status
Active
Lot size
0.15 Acres

Building Details

Year built
1910

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Listing Contact
Donald Frederick White Iii
Source: Elliman

Listing Agent: Donald Frederick White Iii

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

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Overview

Commercial Property with Residential Income

This property features an established commercial and residential opportunity. The sale includes a well-known community business, Marvin's Floor Centre, which has been operating since 1987. The business has an average Seller's Discretionary Earnings (SDE) of $126,000 and serves the tri-state area with residential and commercial sales. The 8,000 sq. ft. real estate includes parking for 7 vehicles. The showroom space features carpet, sheet vinyl, hardwood, laminate, vinyl tile/waterproof flooring, and porcelain/ceramic displays. All racks, displays, and equipment are included with the business. The property also includes two 1,200 sq. ft. apartments. One apartment is fully furnished and was previously rented for $750.00 per month, including water. The second apartment was previously rented for $650.00 per month with water included and could be converted into two apartments. This property is located in Western Maryland.
Location Intelligence

Current Use by Public Records

Marvin's Floor Center ... Hardware & Home Improvement

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

Similar Places Nearby

Marvin's Floor Center Inc

Location Insight

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  • Local Demand
City
Cumberland
County
Allegany
State
Maryland
Longitude
-78.7633157
Latitude
39.6357739

FAQs

What type of property is this?
Showroom - Established flooring business with two income-generating apartments.
Where is this showroom located?
The property is located at 231 Virginia Ave Cumberland, MD.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: - Established business (Marvin's Floor Centre) with a 37-year history and average SDE of $126,000 annually; - Includes 8,000 sq. ft. of commercial real estate with parking for 7 vehicles; - Features two 1200 sq. ft. apartments providing additional income potential
More about this property
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