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65 Baltimore Street, Cumberland, MD 21502
$380,000
65 Baltimore Street, Cumberland, MD 21502View this property at 65 Baltimore Street, Cumberland, MD 21502
65 Baltimore StreetCumberlandMD21502
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Property Description
$439,900 REDUCED !!!OPPORTUNITY ZONE!!! Beautiful Restaurant (now closed) that demonstrated peak sales of more than $2,000/day Avg for 90 days a few years ago. List price includes everything but food/beverages/other supplies, fully furnished and equipped! Great potential upstairs with 3 apartments in place that will be legal to rent after minor kitchen upgrades and Sprinklers. Room for 6 more apartments (+/-) in additional empty gutted space in second & 3rd floors. HISTORIC TAX CREDITS AVAILABLE for upstairs development costs along with other local incentives for upper story development in Downtown Cumberland. Fine Dining 50 Seats Bar area 36 Seats Outdoor Dining 36 Seats = 122 Capacity in/out
Full Property Details
Full Property Details for 65 Baltimore St
General
- Sold For: $380,000
- Taxes: $9,146 (2022)
- Status: Closed
- Type: Business
- MLS ID: MDAL136428
- Added to Site: 1, 151 day(s) ago
Business
- Business Type: Restaurant/Bar
Interior
- Flooring: Ceramic Tile, Carpet, Hardwood, Other
Rooms
Bathrooms
- Restrooms: 5
Parking
- Parking Features: Surface, Lighted Parking, Private
- Parking Type: Off Site, On Street, Parking Lot, Private Garage, Public Garage, Other
Location
- Area: N Cumberland - Allegany County (MDAL1)
- Municipality: Cumberland
- County: Allegany
- Development Name: None Available
- Subdivision: None Available
- Building Name: NONE AVAILABLE
- Cross Streets: Liberty
- Driving Directions: I-68 Exit 42 "Downtown" 2 blocks from exit to corner of Baltimore & Liberty
- Historic District: Yes
- City Limits: Yes
School Information
- Elementary School: West Side
- Middle School: Braddock
- High School: Allegany
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Baseboard - Hot Water, Central, Heat Pump - Electric BackUp, Heat Pump(s), Forced Air, Other
- Heating Fuel: Electric, Natural Gas
- Water Heater: Natural Gas, Electric, Other
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable TV, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Other
Structural Information
- Construction: Brick, Brick Front, Other
- Roof: Rubber
- Entry Floor Number: 1
- Stories/Levels: 3
- Year Built: 1900
- Year Built Source: Assessor
- Property Condition: Good
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.13
- Lot Size (Sq. Ft.): 5,789
- Lot Size Source: Assessor
- Zoning: CBD
Financial Considerations
- Price Per Sq. Ft.: $32.72
- Assessment Year: 2022
- City/TownTax: $4,838
- City/TownTax Freq: Annually
- County Tax: $4,308
- County Tax Freq: Annually
- Tax w/Assessment: $457,467
- Tax Amount: $9,146
- Tax Year: 2022
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
- Exclusions: Personal property and furnishings located outside the bar/restaurant area.
- Inclusions: All Furniture fixtures and equipment for full service restaurant/bar with up to 80 seats inside, plus up to 30 seats outside in season. Liquor License available.
Listed by Long & Foster Real Estate, Inc., Doug Macy
Sold by The American Real Estate Co., Timothy A Brinkman
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Schools
Schools serving 65 Baltimore St
School District:Allegany County Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
10601 Cash Valley Rd Nw, Cumberland, MD 21502 | PK-5 | 2.4 mi | |
909 Holland St, Cumberland, MD 21502 | 6-8 | 0.6 mi | |
900 Seton Dr, Cumberland, MD 21502 | 9-12 | 0.2 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 65 Baltimore St
Date
Details
Price
Change
Source
8/04/2022
Sold
$400,000
-8.88%
MLS
3/18/2022
Price Reduced
$439,000
-12.02%
MLS
3/17/2021
Listed
$499,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
65 Baltimore Street, Cumberland, MD 21502 (MLS# MDAL136428) is a Business property that was sold at $380,000 on August 04, 2022. Want to learn more about 65 Baltimore Street? Do you have questions about finding other Business real estate for sale in Cumberland? You can browse all Cumberland real estate or contact a Coldwell Banker agent to request more information.