Current Use by Public Records
- Commercial real estate
Property Details for 93 Arctic Ave
- Year built
- 1983
- Lot size
- 2.90 lot acres
- 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
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cumberland
- County
- Allegany
- State
- Maryland
- Longitude
- -78.8236
- Latitude
- 39.6463
