Property profile

729 Virginia Ave Cumberland, MD 21502

OFF-MARKET
Turn key restaurants
Property ID
US40-2238523
6,264 SF 0.25 ac lot Built 1910
Individually Owned 13-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional commercial property located at 729 Virginia Avenue in Cumberland, Maryland, presents a unique investment opportunity. The 6,264 square foot building sits on a 0.25-acre lot and is currently configured as a fully operational bar and restaurant, complete with all necessary seating and kitchen equipment. This turnkey operation eliminates the need for extensive start-up costs and allows for immediate revenue generation. Recent improvements include a brand new HVAC system, ensuring comfortable year-round operation and reduced energy expenses. The property's prime location offers high visibility and ample parking, enhancing its appeal to customers. The substantial square footage and versatile layout provide significant potential for various commercial uses beyond its current configuration, making it an attractive option for a wide range of entrepreneurs. The asking price for this exceptional property is $500,000. This is a rare chance to acquire an established business with significant upside potential in a desirable location. The property's features and location combine to create a compelling investment opportunity not to be missed. Serious inquiries are encouraged.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1910
Construction BRICK
Total area 6,264 SF
Lot 0.25 ac (10,800 SF)
Zoning code R-O
APN 04-033620
UPID US40-2238523

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

729 Virginia Ave Cumberland, MD 21502
Cumberland metro Census 800 CUMBERLAND, MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2013
3 recorded transactions
2013
$100,000
2012
$200,000
2006
$140,000

Zoning & alternative use

R-O · Cumberland, MD
Zoning description

R-U, R-O, G-C, and G-I districts. Through approval of a Floating Zone Application for a property within one of these districts, such uses may be allowed if in conformance with the performance standards in Section 6.14.04…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 729 Virginia Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message