213 Greene St, Cumberland, MD 21502
This exceptional commercial property, located at 213 Greene St in Cumberland, Maryland, presents a unique investment opportunity. The 16,006 square foot building sits on a 0.73-acre lot comprised of five parcels, offering high visibility and traffic due to its prime downtown location. Built in 1960, the structure has been well-maintained, though the seller has disclosed some basement water intrusion during periods of exceptionally heavy rainfall. The main level is handicap accessible. The property is zoned B-L and features two units, previously used as a church but offering endless possibilities for a variety of commercial ventures. The significant land value contributes substantially to the overall asking price of $425,000. Its location on a corner provides full access and excellent exposure. This property is ideal for an investor seeking a versatile space with significant potential in a desirable Maryland location. The building's history as a church provides a solid foundation, while the expansive space and prime location offer a blank canvas for future development. The substantial lot size offers ample room for expansion or additional development.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.