$610,000
$899,900
32.2%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
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
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