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168 Cumberland Street, Clear Spring, MD 21722
$862,000
168 Cumberland Street, Clear Spring, MD 21722View this property at 168 Cumberland Street, Clear Spring, MD 21722
168 Cumberland StreetClear SpringMD21722
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Property Description
Income Producing Mixed-Use Property & Profitable Retail Liquor Store Business - (Motivated sellers just reduced price.) Unique opportunity to purchase this 3,584 SF mixed-use property and profitable retail liquor store business in downtown Clear Spring, Washington County, Maryland. In addition to the newly renovated liquor store, this property features 2 beautifully remodeled apartments, which are perfect as rentals or Airbnbs. Conveniently located less than a half-mile from Interstate 70, and only 6 miles south of White Tail Ski Resort. Profitable Retail Liquor Store (MAY BE PURCHASED SEPARATE FROM REAL ESTATE) - JJ's Corner Liquors is a locally owned and operated full-service liquor store, with a strong customer following, offering a wide variety of domestic, imported and craft beers; a full line of bourbon, whiskey, vodka, scotch and other types of spirts; and a vast assortment of local and imported wines. Additional services include five tap growler station, lottery, cigarette sales, and more. This newly renovated liquor store is laid out to perfection with a state of the art POS system, sales counter, ATM, coolers, shelving, display racks, and more. Situated on the corner of US Route 40 and MD Route 68 in downtown Clear Spring, JJ's has great visibility. In addition to street parking, there is a designated parking lot for JJ's customers. Conveniently located less than a half-mile from Interstate 70, and only 6 miles south of White Tail Ski Resort. YTD Gross Revenue (09/19/22): $335,509 2021 Gross Revenue (P/Y 11/25/21): $350,595 2020 Annual Gross Revenue: $209,929 Furniture, Fixtures, & Equipment: Included in the asking price (security system does not convey) Inventory: Included in asking price, only if business is purchased with real estate. Don't miss this excellent opportunity to purchase this income producing property and profitable business, in a great location, with an impressive layout and a strong customer following!!
Full Property Details
Full Property Details for 168 Cumberland St
General
- Sold For: $862,000
- Taxes: $3,276 (2022)
- Status: Closed
- Type: Retail
- MLS ID: MDWA2003652
- Added to Site: 898 day(s) ago
Business
- Business Type: Other/General Retail, Apartment Building
Rooms
Bathrooms
- Restrooms: 1
Parking
- Parking Type: Off Site, On Street
Location
- Municipality: Clear Spring
- County: Washington
- Driving Directions: From Frederick, MD, take I-70 W, take exit 18, continue on MD-68W, property is situated at the corner of US Route 40 and MD Route 68 in downtown Clear Spring.
- Location Details: Downtown
- City Limits: Yes
Heating & Cooling
- Cooling Type: Heat Pump(s)
- Cooling Fuel: Electric
- Heating Type: Heat Pump(s)
- Heating Fuel: Natural Gas, Electric
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Combination
- Roof: Metal
- Stories/Levels: 0
- Year Built: 1890
- Year Built Source: Estimated
- Property Condition: Excellent
Unit Information
- # Tenants: Single
- Other Units: Unit 2, Unit 3
Lot Features
- Lot Size (Acres): 0.17
- Lot Size (Sq. Ft.): 7,524
- Lot Size Source: Assessor
- Street/Road Desc.: Paved
- Zoning: U
Financial Considerations
- Price Per Sq. Ft.: $279.02
- Assessment Year: 2022
- City/TownTax: $908
- City/TownTax Freq: Annually
- County Tax: $2,308
- County Tax Freq: Annually
- Tax w/Assessment: $252,233
- Tax Amount: $3,276
- Tax Year: 2022
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Ownership: Fee Simple
Listed by MacRo, Ltd., Ashleigh Laura Sutton Rossi
Sold by Berkshire Hathaway HomeServices Homesale Realty, Sydney L Machat
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Schools
Schools serving 168 Cumberland St
School District:Washington County Public Schools, Williamsport, MD
Rating | Name | Grades | Distance |
---|---|---|---|
12627 Broadfording Rd, Clear Spring, MD 21722 | PK-5 | 0.3 mi | |
12628 Broadfording Rd, Clear Spring, MD 21722 | 6-8 | 0.4 mi | |
12630 Broadfording Rd, Clear Spring, MD 21722 | 9-12 | 0.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 168 Cumberland St
Date
Details
Price
Change
Source
12/12/2023
Sold
$862,000
-13.8%
MLS
10/24/2022
Price Reduced
$1,000,000
-20%
MLS
5/28/2022
Price Reduced
$1,250,000
-7.41%
MLS
4/21/2022
Price Reduced
$1,350,000
-15.62%
MLS
12/01/2021
Listed
$1,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
168 Cumberland Street, Clear Spring, MD 21722 (MLS# MDWA2003652) is a Retail property that was sold at $862,000 on December 12, 2023. Want to learn more about 168 Cumberland Street? Do you have questions about finding other Retail real estate for sale in Clear Spring? You can browse all Clear Spring real estate or contact a Coldwell Banker agent to request more information.