For Sale
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Property summary
This exceptional 3,200-square-foot retail building, situated on a 0.68-acre lot at 801 Virginia Avenue in Cumberland, MD, presents a unique investment opportunity. Constructed in 1995, this all-brick building boasts a spacious 40 x 80 foot layout, featuring a large 40 x 40 meeting hall, a substantial kitchen equipped with a commercial vent hood and fire protection system, and ample parking. The property includes 32 paved parking spaces, conveniently accessed via four curb cuts. The building is ADA accessible, adhering to 1995 building codes, with accessible entrance hallways and restrooms. The efficient heating and cooling system comprises two gas-fired forced-air units with central air conditioning, complemented by energy-efficient LED lighting. A recent roof replacement ensures long-term durability. The property's location directly across from the CSX Railroad's main Cumberland shops and yard entrance ensures high visibility and significant traffic flow. The building is in very good condition and is offered as-is, although inspection clauses are welcomed. Almost all furniture and fixtures are negotiable. Additional features include three flagpoles and a large, mature tree. This versatile property is ideally suited for a variety of uses, including but not limited to religious facilities, healthcare providers, restaurants, bars, retail businesses, daycares, automotive services, or office spaces. Priced below recent appraisal.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
R-O · Cumberland, MDR-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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R-O in Cumberland, MD.
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