909 Seton DrCumberland, MD 21502

Property Details for 909 Seton Dr

Year built

1973

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.04 AC

Property size (Sq ft)

1,258 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

06-048854

APU

6048854

Description

This fee-simple medical office building, located at 909 Seton Dr in Cumberland, Maryland (zip code 21502), presents a fantastic investment opportunity. The 2,584 square foot building sits on a 0.05-acre lot and boasts 25 parking spaces, a significant advantage for both staff and patients. Constructed in 1973, the property is zoned for commercial use and features a single tenancy. The interior layout is well-suited for medical practices, including five exam rooms, three half-baths, a kitchen, several professional offices, a billing office, a staff break room, and two large basement rooms. The building also includes a reception area. The asking price is $249,900, translating to $96.71 per square foot. Its convenient location next to Allegany High School offers excellent visibility and accessibility. The property is ready for immediate occupancy or can be adapted to suit a variety of uses. The Allegany County property's APN is 0106048862. This is a turnkey opportunity in a developing area.

• CAP approach

  CAP return

  Valuation

  6%

  $299,417

  6.5%

  $276,385

  7%

  $256,643

• Comparable approach

  Method

  Valuation

  Relative Method

  $251,525

  Geo Method

  $251,525

• Alternative Use

  Use

  Valuation

  Residential

  $342,717

  Hospitality

  $313,927

  Educational

  $261,184

  Medical

  $270,166

  Retail

  $406,286

Location Insight

City

Cumberland

County

Allegany

State

Maryland

Latitude

39.6542

Longitude

-78.798

CBSA code

19060

CBSA name

CUMBERLAND, MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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