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Property profile & analytics

93 Arctic Ave Cumberland, MD 21502

  • Commercial real estate
  • 4,560 SF
  • 2.90 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence

Current Use by Public Records

  • Commercial real estate

Property Details for 93 Arctic Ave

Year built
1983
Lot size
2.90 lot acres
Property size
4,560 SF
Property type
Commercial real estate

Description

This exceptional 2.9-acre property in Cumberland, Maryland, presents a unique investment opportunity. Located in the heart of LaVale, the site features a substantial existing church building totaling 4,560 square feet, with 2,280 square feet on each of the main and lower levels. The building includes a functional kitchen, dedicated office space, and ample storage areas. Currently utilized as exempt commercial property within a residential zoning district, this versatile space offers immediate income potential or redevelopment possibilities. The property boasts abundant parking, a significant advantage for any commercial or residential use. A large, vacant parcel, separately taxed, is included, expanding the development potential even further. This turnkey operation is ideal for immediate use or conversion to a residential application, offering flexibility and significant upside. The property's central location and substantial size make it an attractive proposition for a wide range of uses. The two parcels combine to create a substantial footprint, providing ample space for expansion or future development. This is a rare opportunity to acquire a significant property in a desirable location with considerable potential for growth and return on investment. The existing building's features, including the kitchen and office space, provide a solid foundation for a variety of commercial or residential ventures. The ample parking and large vacant parcel add to the property's overall appeal and potential.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use


Location Insight

  • Map
  • Local Demand
City
Cumberland
County
Allegany
State
Maryland
Longitude
-78.8236
Latitude
39.6463
More about this property
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