801 Virginia AveCumberland, MD 21502

Property Details for 801 Virginia Ave

Year built

1995

Construction

BRICK

Lot size

0.50 AC

Property size (Sq ft)

3,200 SF

Zone code

R-O

Property type

Specialty properties

APN

04-048466

APU

4048466

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $863,184

  6.5%

  $796,785

  7%

  $739,872

• Comparable approach

  Method

  Valuation

  Relative Method

  $639,808

  Geo Method

  $639,808

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,540,890

  Retail / Commercial

  $795,604

  Mixed-Use / Specialty

  $797,055

  Hospitality / Lodging

  $590,356

  Office

  $796,785

  Institutional / Educational

  $830,148

  Residential Income

  $971,273

  Multifamily

  $1,141,120

  Automotive / Energy

  $711,555

  Parking / Income-Based Land

  $241,313

  Restaurant / Food Service

  $423,704

  Healthcare / Senior Housing

  $812,968

Location Insight

City

Cumberland

County

Allegany

State

Maryland

Latitude

39.6311

Longitude

-78.7663

CBSA code

19060

CBSA name

CUMBERLAND, MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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