Cumberland, MD 21502,55 N CENTRE-FREDERICK ST
See all 50 photos
Cumberland, MD 21502,55 N CENTRE-FREDERICK ST
Cumberland, MD 21502,55 N CENTRE-FREDERICK ST
Cumberland, MD 21502,55 N CENTRE-FREDERICK ST
Cumberland, MD 21502,55 N CENTRE-FREDERICK ST

$610,000

Est. payment /mo

$899,900

32.2%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

55 N CENTRE-FREDERICK ST Cumberland, MD 21502

10,943 SqFt

SOLD DATE : 04/19/2023

Key Details

Sold Price $610,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 10,943 sqft

Price per Sqft $55

MLS Listing ID MDAL2005150

Sold Date 04/19/23

Originating Board BRIGHT

Year Built 1977

Annual Tax Amount $9,729

Tax Year 2023

Lot Size 0.267 Acres

Acres 0.27

Property Description

ENTREPRENEURS, DELIGHT!! THIS PROPERTY CHECKS SO MANY BOXES THAT IT IS ALMOST IMPOSSIBLE TO MENTION THEM ALL! CONSIDER A HIGH CLASS CORPORATE OWNER'S APARTMENT OR CORPORATE HEADQUARTERS INCLUDING AN OVER-THE-TOP, ONE-OF- A- KIND ART COLLECTION CURRATED OVER MANY YEARS BY THE PREVIOUS OWNER THAT WOULD ALMOST BE CONSIDERED PRICELESS AND ALL FURNISHINGS ARE INCLUDED AS WELL JUST TURN THE KEY AND IT IS ALL YOURS. ADD TO THAT, A SECOND INCOME- PRODUCING 2 BEDROOM APARTMENT, AND THEN 4 ADDITIONAL STORE FRONTS TOTALLING $6000 IN INCOME EVERY MONTH (EXCLUDING OWNER'S APARTMENT). FACTOR IN THAT THIS PROPERTY IS LOCATED IN THE HEART OF THE NEWLY REVITALIZED MIDTOWN DEVELOPMENT THAT INCLUDES NEW EATING ESTABLISHMENTS, SHOPS, ART GALLERIES AND MORE. CONSIDER TOO, THAT DOWNTOWN CUMBERLAND HAS RECENTLY DECIDED TO CONTINUE THIS AMAZING REVITALIZATION PROJECT TO INCLUDE THE MAIN THOROUGHFARE OF BALTIMORE ST INCLUDING MODERN, UPTOWN HOUSING AND EVEN MORE SHOPS AND RETAIL. ONE MUST ALSO FACTOR IN THAT THE CITY OF CUMBERLAND IS THE HUB OF THE GREAT ALLEGHENY BIKE PASSAGE WHICH ATTRACTS AS MANY AS 178000 TOURISTS EACH YEAR AND ALSO BOASTS OF MAJOR TOURIST ATTRACTIONS INCLUDING THE WESTERN MARYLAND SCENIC RAILROAD AND THE OVER-ABUNDANCE OF HISTORIC RICHNESS! THERE IS SO MUCH TO OFFER HERE FOR THE FORWARD THINKING INVESTOR!! DESIGNED BY MARIO DIDI OUT OF NEW YORK CITY, YOU CAN ONLY IMAGINE WHAT IS INSIDE--IT IS VERY WELL BUILT AND IS DEFINITELY AN "UPTOWN" PROPERTY--IT ALSO PROVIDES A MASSIVE FULL, TOTALLY DRY BASEMENT WHICH COULD BE RENTED FOR MORE INCOME OR AT THIS TIME, SELLER PROVIDES EACH STORE FRONT ROOM FOR STORAGE IF DESIRED. THERE ARE A TOTAL OF 14 PRIME PARKING SPACES IN THE REAR AND A CHARMING COURTYARD TO ADD TO ITS DESIRABILITY!
ONCE YOU SEE THIS INCREDIBLE STRUCTURE AND THE ADDED TREASURES IT HAS TO OFFER, YOU WILL IMMEDIATELY WANT TO INVEST IN ONE OF THE MOST IMPRESSIVE, MOVE -IN COMMERCIAL PROPERTIES IN MIDTOWN, CUMBERLAND AND SHARE IN ITS AMAZING REVITALIZATION PLANS! AS IF THAT ISN'T ENTICING ENOUGH, IT ALSO COMES WITH A CLASS "A' LIQUOR LICENSE (SEPARATE FROM THE LEASED BAR ALREADY IN EXISTENCE).!!!! ONE'S MIND GOES TO AN INTIMATE BOURBON AND CIGAR BAR OVERLOOKING THE COURTYARD WHICH COULD BE A LOVELY SUMMER OUTSIDE SEATING EXPERIENCE--IT DOESN'T GET MUCH BETTER THAN THIS! JUST WAIT TO SEE THE ART-- AND TO THINK, THIS COULD ALL BE YOURS!!!

Location

State MD

County Allegany

Area N Cumberland - Allegany County (Mdal1)

Zoning B-CBD

Interior

Hot Water Electric

Heating Hot Water

Cooling Heat Pump(s)

Heat Source Electric

Exterior

Garage Spaces 14.0

Water Access N

View Street, City

Roof Type Rubber

Accessibility Elevator

Total Parking Spaces 14

Garage N

Building

Lot Description Additional Lot(s), Rear Yard

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Allegany County Public Schools

Others

Tax ID 0114004955

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Bright MLS (BMLS)
Listed by Deborah K Grimm • Perry Wellington Realty, LLC
Bought with Non Member • Metropolitan Regional Information Systems, Inc.
agent

Kerry O'Hara

Advisor | License ID: 651712

+1(410) 507-0834

GET MORE INFORMATION

Name
Phone*
Message