Drive-Through Ice Cream
For Sale
$185,000
735 N CENTRE STREET, Cumberland, MD 21502
Operating ice cream shop with an established drive-through component along US Rt 40.
Property Size595 SF
Price / SF$310.92
Days on Market54
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Property Features for 735 N CENTRE STREET
General Information
Standard status
Active
Size
595 SF
Property subtype
Commercial
Site & Location
Drive-Thru
Yes
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2001
Listing Agency:
Long & Foster Real Estate, Inc.
(301) 722-4700
Listed By:
Doug Macy · License #16665
(301) 697-0401
Source:
Cummingsrealtors
Added: Aug 23
Changed: Oct 15
Last Checked: Oct 14 at 11:25PM
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.
Investment Insights
Based on property information with market context.
Built in 2001, the property operates as a Hershey Ice Cream Shop with an established drive-through component. The restaurant is positioned along US Rt 40 at the northwestern end of Cumberland, Maryland, near the Narrows.
Key Highlights
- Operating as a Hershey Ice Cream Shop
- Established drive‑through component
- Located along US Rt 40
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,531
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,620
$270.6K
Cap Rate 7%
$193,300
$193.3K
Cap Rate 9%
$150,344
$150.3K
Market Conditions
NOI Build-Up for 595 SF
Gross rent
$20.3K $34.20/SF
− Vacancy
−$2.3K −$3.88/SF
EGI
$18.0K $30.32/SF
− OpEx
−$4.5K −$7.58/SF
NOI
$13.5K $22.74/SF
Area
Allegany County, MD
Vacancy
11.34%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,620
Cap Rate 7%
$193,300
Cap Rate 9%
$150,344
Alternative Uses
Best Use
Specialty Retail
$193.3K
$169.1K – $225.5K
NOI $13,531 @ 7.0% cap · market cap 7.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$220.7K
$193.1K – $257.4K
NOI $15,446 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,278
Businesses Nearby
179k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Shops & Services 27%
Electronics 3%
Groceries 3%
Chick-fil-A
Dining
39,205 visits/mo
0.3 miles
McDonald's
Dining
20,050 visits/mo
0.1 miles
Wendy's
Dining
19,218 visits/mo
0.3 miles
Roy Rogers
Dining
16,552 visits/mo
0.2 miles
Taco Bell
Dining
13,721 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Operating ice cream shop with an established drive-through component along US Rt 40.
Where is this drive through restaurant located?
The property is located at 735 N CENTRE STREET Cumberland, MD.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Operating as a Hershey Ice Cream Shop; Established drive‑through component; Located along US Rt 40
