Mixed-Use Property with
169 CENTRE STREET, Cumberland, MD 21502
For Sale
New
$295,000
The property pairs a bar and restaurant operation with two short-term rental accommodations.
Property Size2,944 SF
Price / SF$100.20
Days on Market6
Property Features for 169 CENTRE STREET
General Information
Standard status
Size
Property subtype
Additional Details
Currently Operating
Building Details
Year Built
Listing Agency:
Charis Realty Group
(240) 801-5011
Listed By:
Dan W DeBlock · License #5010265
(301) 707-4377
Source:
Cummingsrealtors
Added: Nov 2
Changed: Nov 6
Last Checked: Nov 6 at 8:59AM
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 Charis Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property in Cumberland, Maryland, includes an established bar and restaurant operation alongside two short-term rental accommodations. The building dates to 1900, with the combination of hospitality and lodging uses forming its core configuration.
The property is situated in Cumberland with access to downtown businesses, shopping, dining, and entertainment.
The property is situated in Cumberland with access to downtown businesses, shopping, dining, and entertainment.
Key Highlights
- Bar and restaurant operation paired with two short‑term rental accommodations
- Located in Cumberland with access to downtown businesses, shopping, dining, and entertainment
- Building constructed in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,459
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,180
$369.2K
Cap Rate 7%
$263,700
$263.7K
Cap Rate 9%
$205,100
$205.1K
Market Conditions
NOI Build-Up for 2,944 SF
Gross rent
$35.3K $12.00/SF
− Vacancy
−$1.8K −$0.60/SF
EGI
$33.6K $11.40/SF
− OpEx
−$15.1K −$5.13/SF
NOI
$18.5K $6.27/SF
Area
Allegany County, MD
Vacancy
5.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,180
Cap Rate 7%
$263,700
Cap Rate 9%
$205,100
Alternative Uses
Best Use
Specialty Retail
$956.4K
$836.9K – $1.12M
NOI $66,950 @ 7.0% cap · market cap 22.69%
Second Best
Mixed Use
$482.6K
$422.3K – $563.0K
NOI $33,782 @ 7.0% cap · market cap 11.45%
Theoretical Best
Office A
$1.09M
$955.3K – $1.27M
NOI $76,425 @ 7.0% cap · market cap 25.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,394
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property pairs a bar and restaurant operation with two short-term rental accommodations.
Where is this mixed-use property located?
The property is located at 169 CENTRE STREET Cumberland, MD.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Bar and restaurant operation paired with two short‑term rental accommodations; Located in Cumberland with access to downtown businesses, shopping, dining, and entertainment; Building constructed in 1900
