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Mixed-Use Landmark Retail Building
For Sale
$256,000

145 BALTIMORE Street, Cumberland, MD 21502

Commercial Sale - CUMBERLAND, MD

Lot Size0.12 Acres
Days on Market378

Property Features for 145 BALTIMORE Street

General Information

Property type Other
Property subtype Retail
Elementary school district ALLEGANY COUNTY PUBLIC SCHOOLS
Middle school district ALLEGANY COUNTY PUBLIC SCHOOLS
High school district ALLEGANY COUNTY PUBLIC SCHOOLS
Standard status Active
Lot size 0.12 Acres

Taxes and HOA fees

Tax Annual Amount 1885

Utilities

Heating system Forced Air
Cooling system Central Air, Ceiling Fan(s)

Building Details

Year built 1910
Number of units 3
Building materials Masonry
Listing Agency: Coldwell Banker Premier · Coldwell Banker Real Estate
Listed By: Elizabeth A Rhodes · License #4989775
Added: Jul 22, 2025 Changed: Jul 25 Last Checked: Aug 3 at 10:06AM
MLS# MDAL2012382

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

The Peskins Building is a historic landmark offering two floors of retail space and multiple upper-level areas that can be adapted for a variety of needs. The building includes two elevators, with one elevator serving customers at the front and a large freight elevator at the rear.

A substantial window display area supports storefront visibility, and the covered front entry area provides an inviting, sheltered space at the building’s front.

This downtown Cumberland property is presented for sale and includes a compact lot footprint.

Key Highlights

  • The Peskins Building offers two floors of retail space plus multiple upper‑level areas for offices, residential units, or other uses
  • Two elevators: a front customer elevator and a large rear freight elevator
  • Masonry construction with forced‑air heating and central air (ceiling fans also included)

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Catering Service Tech Support Center Tanning Salon Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,494
Businesses Nearby

Demographics for 21502, MD

41,153
Population
19,562
Households
2.1
Avg Household Size
44
Median Age
20%
College-Educated
89%
High-School Grad
92.1 sq mi
ZIP Area
447
Density / Sq Mi
$58,721
Median Household Income
$39,507
Median Earnings
$771
Median Rent
$151,400
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Landmark downtown building with two retail floors, multiple upper-level areas, and both passenger and freight elevators.
Where is this retail space located?
The property is located at 145 BALTIMORE Street Cumberland, MD.
What is the asking price?
The asking price for this property is $256,000.
What are key features of this property?
This property features: The Peskins Building offers two floors of retail space plus multiple upper‑level areas for offices, residential units, or other uses; Two elevators: a front customer elevator and a large rear freight elevator; Masonry construction with forced‑air heating and central air (ceiling fans also included)
More about this property
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