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Property profile & analytics
OFF-MARKET
Auto shops

208 Market St Cumberland, MD 21502-2288

12,194 SF 1.47 ac lot Built 1900
Individually Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US40-1671272
Property summary
AI-generated overview

This exceptional 12,194 square foot mixed-use property at 208 Market Street in Cumberland, MD, presents a rare investment opportunity. Originally constructed in 1900 as an ice house for the Queen City Brewery, the building was converted into a six-bay truck repair facility in 1980 and operated successfully until 2024. Situated on a generous 1.47-acre lot, the property boasts significant advantages including over 500 feet of frontage on Wills Creek, proximity to the Western Maryland Scenic Railroad, and its location near the eastern terminus of the GAP Trail and a quarter-mile walk from the C&O Canal's Western Terminus at Canal Place. The substantial brick and steel structure features seven large drive-in doors, providing ample access for various uses. Beyond the 12,194 square feet of main floor space, there are an additional 3,386 square feet of concrete roof decks with well-maintained roofing. The building is designed to support heavy floor loads. Ample parking is available on the large lot. The property is conveniently located just 1,500 feet from Cumberland's town center, yet sits adjacent to, but outside of, the Historic District. This versatile property offers immense potential for a variety of uses, including continued operation as a truck repair facility, or redevelopment into a nightclub, health club, restaurant, loft apartments, antique store, art gallery, retail space, or other creative ventures. The property's unique history, substantial size, and prime location make it an exceptional investment prospect.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1900
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 12,194 SF
Lot 1.47 ac (64,033 SF)
Zoning code I-G
APN 06-032141
UPID US40-1671272
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
James N Furlow · 8 yrs held
James N Furlow
since 2018
4 recorded transactions
2018
Price N/A
2014
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
I-G · Cumberland, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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