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    OFF-MARKET
    Commercial real estate

    635 Washington St, Cumberland, MD 21502

    6,372 SF 0.65 ac lot Built 1960
    Entity Owned 1-yr Hold
    Property ID
    US40-0677736
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1960
    Total area 6,372 SF
    Lot 0.65 ac (28,314 SF)
    UPID US40-0677736
    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
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    Owner & transaction history
    Steeple District Rentals LLC · 1 yrs held
    Steeple District Rentals LLC
    since 2025
    2 recorded transactions
    2025
    $392,500
    2021
    $1.3M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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