1050 Industrial Blvd Cumberland, MD 21502
- Individual retail properties
- 20,000 SF
- 8.69 lot acres
Current Use by Public Records
- Save A Lot / Grocery Store / Discount Supermarket
- Hot Stove Bingo / Bingo Hall / Baseball Club
- Aaron's Rent To Own / Furniture Store / Appliance Rental Service
- Dr. Bhavani Vaddey / Family Practice Physician
- Casto John N MD / Gastroenterologist
Property Details for 1050 Industrial Blvd
- Year built
- 1969
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 8.69 lot acres
- Property size
- 20,000 SF
- Property type
- Individual retail properties
- APN
- 04-038150
- APU
- 4038150
Description
This exceptional retail opportunity is located at 1050 W Industrial Blvd, Cumberland, MD 21502. The South Cumberland Shopping Center offers two immediately available spaces ranging from 1,800 to 4,010 square feet, with a potential total of up to 9,342 square feet. This established center boasts a strong tenant mix, including major anchors such as Save-a-Lot (Cumberland Foods), Western Medical Health System, and Optimal Health Care, ensuring high visibility and foot traffic. Since 2014, over $2.6 million has been invested in capital improvements, reflecting a commitment to maintaining a high-quality shopping environment. The property enjoys a strategic location, just 2.4 miles from downtown Cumberland and adjacent to the Greater Cumberland Regional Airport. Its position on Rt-51 benefits from a high daily traffic count of 16,000 vehicles, providing excellent exposure to potential customers. This is an ideal location for businesses seeking high visibility and a strong established customer base in a thriving community. The property is classified as Commercial Retail with multiple tenancies. The available spaces present a unique opportunity to establish or expand a retail presence in a well-maintained and highly visible shopping center. Contact us today to learn more about this exciting opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $6,670,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $6,720,000
- 6.5%
- $7,075,000
- 7%
- $6,805,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $8,155,000
- Geo Method
- $7,795,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $6,560,000
- Retail
- $5,975,000
- Mixed-Use
- $6,515,000
- Hospitality
- $6,240,000
- Educational
- $6,515,000
- Residential Income
- $7,410,000
- Energy
- $8,305,000
- Income-Based Land
- $6,085,000
- Food Service
- $7,445,000
Location Insight
- Map
- Local Demand
- City
- Cumberland
- County
- Allegany
- State
- Maryland
- Longitude
- -78.7504
- Latitude
- 39.6312
- CBSA code
- 19060
- CBSA name
- CUMBERLAND, MD-WV METROPOLITAN STATISTICAL AREA
