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    2 Decatur St Cumberland, MD 21502

    Sponsored
    For Sale
    $480,000

    Historic Deli & Apartment Building

    Property size:
    5,139 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Cumberland, MD property offers a unique investment opportunity. The 5,139 square foot building, constructed in 1900, features a thriving, turn-key deli business operating for eight years. All equipment has been replaced within the last five years. The building also includes a fully leased, two-bedroom, two-bathroom apartment generating additional rental income. Situated on a 2,250 square foot lot, the property is zoned R-O and boasts a prime location in a historic area. The asking price is $480,000 ($93.40/sq ft). This fee simple ownership presents a rare chance to acquire a well-established business with significant upside potential. The property's strong reputation and established customer base provide a solid foundation for continued success. The combination of a profitable business and rental income makes this a compelling investment opportunity. The property's historic charm and prime location in Cumberland, Maryland, offer a unique blend of character and commercial viability. This is a turn-key operation with extensive inventory and detailed process instructions included in the sale.

    Property Features for 2 Decatur St

    General Information

    Property type
    Retail properties
    Square Feet
    5,139 SF

    Building Details

    Year Built
    1900
    Units
    2

    HighLights

    • 5,139 SF building, built in 1900, on a 2,250 SF lot.
    • Thriving, turn‑key deli business operating for eight years, with equipment replaced within the last five years.
    • Includes a fully leased two‑bedroom, two‑bathroom apartment.
    • Zoned R‑O, prime location in historic Cumberland, MD.
    • Asking price: $480,000 ($93.40/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Ellie's Deli Deli Executive Billing Accountant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Cumberland
    County
    Allegany
    State
    Maryland
    Longitude
    -78.7572454
    Latitude
    39.6539645

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    FAQs

    What type of property is this?
    Retail property - Historic Deli & Apartment Building
    Where is this retail property located?
    The property is located at 2 Decatur St Cumberland, MD.
    What is the asking price?
    The asking price for this property is $480,000.
    What are key features of this property?
    This property features: 5,139 SF building, built in 1900, on a 2,250 SF lot.; Thriving, turn-key deli business operating for eight years, with equipment replaced within the last five years.; Includes a fully leased two-bedroom, two-bathroom apartment.
    Request Owner's contact information
    2 Decatur St Cumberland, MD 21502
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    Cumberland, MD 21502
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2 Decatur St Cumberland, MD 21502
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