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    303 Washington St Cumberland, MD 21502

    Sponsored
    For Sale
    $280,000

    Prime Retail/Residential, 2 Units, 2,536 SF

    Property size:
    2,536 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,536 square foot commercial property, located at 303 Washington Street in Cumberland, Maryland, presents a unique investment opportunity. Built in 1860, this two-unit building sits on a 0.13-acre lot and is zoned R-O, permitting both commercial and residential uses. Currently configured as a medical office on the lower level and residential space upstairs, the property offers incredible versatility. The building's prime location within one of Cumberland's most desirable historic districts on the West Side provides excellent visibility and accessibility. The property includes off-street parking, a significant advantage for both commercial and residential tenants. The asking price is $280,000. This adaptable space is ideal for a variety of businesses, including but not limited to, bed and breakfasts, retail establishments, or entirely residential use. Its historic charm combined with its flexible zoning makes it an attractive prospect for entrepreneurs and investors alike. The property's size and layout offer ample space for customization to suit a wide range of needs. The 21502 zip code offers convenient access to local amenities and transportation routes. Don't miss this chance to own a piece of Cumberland's rich history and vibrant future.

    Property Features for 303 Washington St

    General Information

    Property type
    Retail properties
    Square Feet
    2,536 SF
    Lot Size
    5,663 SF

    Building Details

    Year Built
    1860
    Units
    2

    HighLights

    • 2,536 sq ft commercial building at 303 Washington Street, Cumberland, MD.
    • Two‑unit building on a 0.13‑acre lot, zoned R‑O (commercial & residential).
    • Currently configured as medical office (lower) and residential (upper).
    • Prime location in a desirable historic district on Cumberland's West Side, offering excellent visibility and accessibility.
    • Includes off‑street parking.
    • Asking price: $280,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pompilio Kenneth J ... Ophthalmologist

    Suggested Use

    Realty agency Law Firm Restaurant 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
    -78.7703812
    Latitude
    39.651611

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    FAQs

    What type of property is this?
    Retail property - Prime Retail/Residential, 2 Units, 2,536 SF
    Where is this retail property located?
    The property is located at 303 Washington St Cumberland, MD.
    What is the asking price?
    The asking price for this property is $280,000.
    What are key features of this property?
    This property features: 2,536 sq ft commercial building at 303 Washington Street, Cumberland, MD.; Two-unit building on a 0.13-acre lot, zoned R-O (commercial & residential).; Currently configured as medical office (lower) and residential (upper).
    Request Owner's contact information
    303 Washington 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
    303 Washington St Cumberland, MD 21502
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