635 Washington St Cumberland, MD 21502
- Commercial real estate
- 6,372 SF
- 0.65 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 635 Washington St
- Year built
- 1960
- Lot size
- 0.65 lot acres
- Property size
- 6,372 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a six-unit retail building located at 635 Washington St, Cumberland, Maryland, 21502. The property, built in 1960, offers a total of 6,372 square feet of retail space, priced at $87.88 per square foot. The asking price is $560,000, representing a fee simple ownership. The building sits on a 0.65-acre lot (28,500 square feet) and provides seven parking spaces for tenants and customers. The property is zoned R-L and features an all-brick exterior, backing onto wooded land. The building comprises six units, each with two bedrooms and approximately 4,248 square feet of net rentable space. The property benefits from established leasing, making it an attractive investment with immediate income potential. This location is situated in a highly valued historic area of Cumberland, offering excellent visibility and access. The listing term begins July 26, 2024. This is a rare opportunity to acquire a well-maintained, income-producing retail property in a desirable Maryland location.
Value Estimation
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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
- -78.7787858
- Latitude
- 39.6525657
