Retail Building with Fenced Lot

230 N MECHANIC STREET, Cumberland, MD 21502

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For Sale

$187,500

1,000 SF retail building with parking and fenced lot.

Type:Commercial/Industrial

Property size:

1,000 SF

Lot size:

0.44 Acres

Price / SF:

$187/SF

HighLights

Currently leased to a salon at $1,000/month + utilities paid by tenant, providing immediate income.
Additional income potential of $2,000/month from lot lease (historical).
Secure storage with nice fence and sliding gate.
Two restrooms and a small office with outside access.
Small parking area included.
One‑level, 1000 sq ft building built in 1996.

We can help!

Listing Contact

Doug Macy

For Sale

$187,500

1,000 SF retail building with parking and fenced lot.

Type:Commercial/Industrial

Property size:

1,000 SF

Lot size:

0.44 Acres

Price / SF:

$187/SF

Added:: Feb 20, 2025
Days on Market:: 481
Last Refresh:: May 20 at 2:09 am

Property Features for 230 N MECHANIC STREET

General Information

Standard status: Active
Size: 1,000 SF
Lot size: 0.44 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1996

We can help!

Listing Contact

Doug Macy

Listing agent Doug Macy License #16665

Listing office Long & Foster Real Estate, Inc.

Listing date Feb 20, 2025

Source Exitrealty

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

All listing content including descriptions, pricing, images are the copyrighted material of Long & Foster Real Estate, Inc.

HighLights

Currently leased to a salon at $1,000/month + utilities paid by tenant, providing immediate income.
Additional income potential of $2,000/month from lot lease (historical).
Secure storage with nice fence and sliding gate.
Two restrooms and a small office with outside access.
Small parking area included.
One‑level, 1000 sq ft building built in 1996.

Overview

This is a one-level, 1,000 square foot building with a small parking area. The property includes two restrooms and a small office in the back with outside access. A fenced lot features a sliding gate for secure storage. The building is currently leased to a salon at $1,000 per month, with utilities paid by the tenant. The remainder of the frontage is available for use or lease, with a historical rental potential of $2,000 per month for the lot with the building. The property has a good rental history for both the building and the lot. Note that the salon business and its assets are not for sale.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$15.1k	$15.12
− Vacancy	−$635	−$0.64
EGI	$14.5k	$14.48
− OpEx	−$4.3k	−$4.35
NOI	$10.1k	$10.14

1,000 SF · lease $15.12/SF/yr · vacancy 4.20% · expense 30.00%

Alternative Uses

Best Use

Retail

$144.8K

$126.7K – $169.0K (±1% cap)

NOI $10,139 @ 7.0% cap · market cap 5.41%

Second Best

—

no second resolved use

Theoretical Best

Office A

$370.9K

$324.5K – $432.7K (±1% cap)

NOI $25,960 @ 7.0% cap · market cap 13.85%

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

Property Profile Location Intelligence

Current Use by Public Records

Hair Styling By ... Hair Salon

Suggested Use

Location Insight

Map
Local Demand

City: Cumberland
County: Allegany
State: Maryland
Longitude: -78.7665
Latitude: 39.6551

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For sale
Retail space
MD
Cumberland
21502
230 N MECHANIC STREET

What type of property is this?

Retail space - 1,000 SF retail building with parking and fenced lot.

Where is this retail space located?

The property is located at 230 N MECHANIC STREET Cumberland, MD.

What is the asking price?

The asking price for this property is $187,500.

What are key features of this property?

This property features: Currently leased to a salon at $1,000/month + utilities paid by tenant, providing immediate income.; Additional income potential of $2,000/month from lot lease (historical).; Secure storage with nice fence and sliding gate.