113 Ctr St Cumberland, MD 21502-3791
Property profile & analytics
113 Ctr St, Cumberland, MD 21502-3791
- Office buildings
- 1,806 SF
- 0.05 lot acres
Property ID
US40-0957866
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- NFP, an Aon company / Insurance Agency
Property Details for 113 Ctr St
- Year built
- 1961
- Construction
- BRICK
- Lot size
- 0.05 lot acres
- Zone code
- B-CBD
- Property type
- Office buildings
- APN
- 04-013433
- APU
- 4013433
Description
This exceptional two-unit building, located at 113 S Centre Street in Cumberland, MD, presents a compelling investment opportunity. Boasting 3,925 square feet on a 0.05-acre lot, this property is ideally situated in the revitalized downtown district, benefiting from high foot traffic and excellent walkability. Currently configured as a non-profit office and a separately rented unit generating $850 monthly income, the property offers significant flexibility. The lower level includes a kitchenette, storage space, one full bath, and one half bath. Convenient off-street parking is available in the rear, supplemented by metered parking in the front. The non-profit tenant currently occupies one unit rent-free, but has been offered a purchase option or a 60-day notice to vacate, allowing the new owner to maximize rental income. The seller currently covers all utilities except electricity (metered separately) and internet. With a potential rental income of $850-$900 per unit per month, this property offers a strong return on investment. The property is priced at $150,000, reflecting a recent significant price adjustment. This is an ideal opportunity for an owner-occupant seeking to run a business from one unit while living in the other, or for an investor looking to capitalize on the strong rental market in downtown Cumberland.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Cumberland
- County
- Allegany
- State
- Maryland
- Longitude
- -78.7608
- Latitude
- 39.6504
- CBSA code
- 19060
- CBSA name
- CUMBERLAND, MD-WV METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$762
$14,300
$67,600
$81,900
-
$14,300
$67,600
$81,900
