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Property profile & analytics

71 Prospect Sq Cumberland, MD 21502

  • Mixed-use properties
  • 4,140 SF
  • 0.16 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US40-0676220
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.

Current Use by Public Records

  • G. Gary Hanna Law / Law Firm
  • Mc Whirter Patrick J CPA / Accounting Firm / Tax Preparation

Property Details for 71 Prospect Sq

Year built
1875
Lot size
0.16 lot acres
Property size
4,140 SF
Property type
Mixed-use properties

Description

This exceptional mixed-use property, situated at 71 Prospect Square in Cumberland, Maryland, presents a unique investment opportunity. The building encompasses 4,140 square feet and sits on a 0.16-acre lot. Its strategic location near the Courthouse and the heart of downtown Cumberland ensures high visibility and accessibility. The property's current configuration includes professional office space, ideal for a variety of businesses seeking a prominent presence in a thriving urban setting. The building's size and layout offer flexibility for potential expansion or adaptation to suit diverse operational needs. Given its central location, the property benefits from significant foot traffic and proximity to essential amenities, making it an attractive proposition for both established businesses and new ventures. The asking price of $250,000 represents a compelling value for a property of this caliber in a desirable downtown location. This is an excellent chance to acquire a well-positioned mixed-use building with significant potential for growth and return on investment. The property's proximity to the courthouse and downtown area guarantees a steady stream of potential clients and customers. Serious inquiries are encouraged to explore this promising investment opportunity further.


Value Estimations

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  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

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  • Local Demand
City
Cumberland
County
Allegany
State
Maryland
Longitude
-78.76658
Latitude
39.6504
More about this property
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