300 W INDUSTRIAL BOULEVARD, CUMBERLAND, MD 21502
ALLEGANY County
Key Facts
Description
This commercial property presents a compelling investment opportunity, strategically located on a prominent corner lot with excellent road frontage. Traffic Count of nearly 15k. Spanning 0.79 acres, the level terrain offers versatility for various development options. Originally constructed in 1920, the building features a robust mix of materials, including block and concrete, though it requires significant rehabilitation, presenting an opportunity for value-add renovations. The now gutted condition allows for potential investors to capitalize on the property's intrinsic value through strategic improvements and opportunity. Some engineering plans exist for the addition of roughly 16 apartments, the potential for an indoor storage facility and even a cold storage/office area. The city location enhances the appeal, making it suitable for a range of commercial uses if those ideas aren't for you. With fenced, paved parking available, this property is poised for growth in a dynamic market. Investors can anticipate substantial returns by revitalizing this asset in a location with promising future development potential. NDA and HHA required before showings are granted. Build to Suit option available.
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Year Built
1920
Living Area
22,888 sq ft
Lot Size
0.79 acres
Lot Dimensions
220 x 154 x 266 x 130
Parking Spaces
40
Zoning
R-U
Days on Market
98
MLS® Listing#
MDAL2013456
Property Features
Cooling
Heating
Flooring
Parking
Fencing
Lot Features
Construction
Foundation
Roof
Utilities
Sewer
Water Source
Schools
- District:
- ALLEGANY COUNTY PUBLIC SCHOOLS
Financial Details
Annual Taxes
$1,378
Tax year 2026
Assessed Value
$290,600
Parcel Number
0104027302
Directions
From I-70 W, merge onto I-68 W towards Cumberland. Take exit 43B toward Industrial Blvd/MD-51/Airport. Turn left onto Howard St. Turn right onto E Industrial Blvd (MD-51). Turn left onto Seymour St. Turn left onto W Industrial Blvd (MD-51 N). Turn right onto Race St. Gate on the Right.
Affordability Calculator
$90,000
Estimated monthly payment
$2,395/mo
Principal $360,000 · Est. interest $502,232 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in CUMBERLAND, MD
- 67
- Median Days on Market
- 1,788
- Median Sq Ft
- $103
- Median Price / Sq Ft
- 129
- Active Listings
- Its price per sq ft is 81% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in CUMBERLAND, MD.
Location
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Points of Interest in CUMBERLAND, MD
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Nearby Homes
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Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 145 BALTIMORE STREET, CUMBERLAND, MD | $320,000 | — | — | 19,480 |
| 301 BALTIMORE AVENUE, CUMBERLAND, MD | $320,000 | — | — | 4,712 |
| 301 BALTIMORE AVENUE, CUMBERLAND, MD | $320,000 | 6 | — | 4,712 |
| 11800 BEDFORD ROAD NE, CUMBERLAND, MD | $349,777 | — | 5 | 6,520 |
| 94 ACRES MOORES HOLLOW ROAD, CUMBERLAND, MD | $375,000 | — | — | — |
| FREEDOM LANE, CUMBERLAND, MD | $376,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in CUMBERLAND
Listing Courtesy: Samson Properties - 3049182740