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$265,000

  • Sold
  • Closed
  • Retail
See This Home
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!!!!! Newest Announcement 6/24/22 !!!!! !!!!! Price Reduction to owner's bottom line $300,000 !!!!! !!!!! ANNOUNCEMENT 6/8/22 !!!!! !!!!! ALL OFFERS WILL BE CAREFULLY CONSIDERED, as the family would love to see this iconic business continue to thrive and serve the community. "The Frostburg Baker", Lorenzo, & his wife Tammy, are ready to retire, relax, and take time with family and fishing. Should you have potential interest in owning one of the region's most popular, long running (30+year) businesses, and the best and most loved bakery in the area, YOU'LL WANT TO BRING YOUR OFFER NOW !!!!! This listing includes both the business and the building (bakery/storefront on street level AND home above). Steeped in time, describes both the building, and landmark business, of Lorenzo's Bakery. Live, play, work -- all in one, with your second and third story home just above. Have what you want in a home, and more, from the dormered third floor loft, featuring the warmth of tongue and groove wood, with skylights and palatial windows overlooking the town, to the basement workshop and handy grilling porch/sun deck. Delight in original wood floors, archways, and architectural features unique to the building's era all very well kept and loved. Located in Frostburg, the small college town, in Western "Mountaintop" Maryland, Lorenzo's is the bakery of choice, not only for the local masses, but also as a wholesale vendor to the multi-state retail and restaurant community. A business location since the 1880's, and a bakery for nearly 40 years, the "just off main" retail storefront and production kitchen, stands ready for you to step in and roll. Pastries, cookies, donuts, breads, rolls, cakes, specialty Italian breads/desserts, and even peanut buttery dog treats, are baked as the sun rises, in time for retail store cases to be filled, and for the products to be available to the long established commercial client base. All good will, wholesale accounts, recipes and transition help are included. Located just off Interstate Rt. 68, you can continue to build on this solid business and home foundation, and roll in the dough! Financials available to qualified buyers.

Full Property Details for 8 S Broadway

General

  • Sold For: $265,000
  • Taxes: $1,942 (2022)
  • Status: Closed
  • Type: Retail
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDAL136510
  • Added to Site: 1, 791 day(s) ago

Business

  • Business Type: Other, Other/General Retail, Restaurant/Bar, Supermar

Interior

  • Flooring: Ceramic Tile, Wood, Vinyl, Concrete

Rooms

Bathrooms

  • Restrooms: 3

Additional Information

  • Security/Safety: Monitored, Surveillance Sys

Parking

  • Parking Type: On Street

Location

  • Area: Frostburg - Allegany County (MDAL8)
  • Municipality: Frostburg
  • County: Allegany
  • Development Name: None Available
  • Subdivision: None Available
  • Driving Directions: From Rt. 68 take exit 39 (Rt. 36, New Georges Creek Rd.) toward Rt 40. At the light turn left onto Rt. 40 (Main St). After going thru most of historic downtown area, just after the Gunter Hotel (on the right) turn left at the light on to Water St. Take second left on Ormand St., then left onto S. Broadway St. On street parking is easy on Broadway, just before the bakery, so slip into a space just before Mechanic St., as there is no parking in front of the bakery. Alternatively, you can use the church and police station parking across the street, or just park on Main (around the Gunter Hotel area) and and walk 1/2 block on Broadway to the bakery.
  • Location Details: Business District
  • City Limits: Yes

School Information

  • Elementary School: Call School Board
  • Middle School: Call School Board
  • High School: Call School Board

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Radiator, Central, Zoned
  • Heating Fuel: Coal, Natural Gas
  • Water Heater: Electric, Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Natural Gas Available, Phone Connected, Sewer Available, Water Available

Structural Information

  • Construction: Brick
  • Entry Floor Number: 1
  • Stories/Levels: 3
  • Year Built: 1920
  • Year Built Source: Assessor
  • Property Condition: Very Good

Unit Information

  • # Tenants: Multiple

Lot Features

  • Property View: City
  • Lot Size (Acres): 0.03
  • Lot Size (Sq. Ft.): 1,522
  • Lot Size Source: Assessor
  • Street/Road Desc.: Paved
  • Lot Features: Level, Corner
  • Zoning: C3
  • Lot Description: Level, Corner

Financial Considerations

  • Price Per Sq. Ft.: $93.75
  • Assessment Year: 2022
  • City/TownTax: $794
  • City/TownTax Freq: Annually
  • County Tax: $1,089
  • County Tax Freq: Annually
  • Tax w/Assessment: $113,500
  • Tax Amount: $1,942
  • Tax Year: 2022

Disclosures and Reports

  • Ownership: Fee Simple
  • Inclusions: Almost all bakery equipment. List available.

Listed by Keller Williams Premier Realty, Lana K Roby
Sold by Charis Realty Group, Jennifer Jackson

Listing agent

— 8 S Broadway —

  • Lana K Roby

    Keller Williams Premier Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 8 S Broadway

School District:Allegany County Public Schools
NameGradesDistance
Beall Elementary School, Frostburg, MD
3 East College Avenue, Frostburg, MD 21532
PK-50.3 mi
Mount Savage Middle School
13201 New School Road Northwest, Mount Savage, MD 21545
6-84 mi
Mountain Ridge High School
100 Doctor Gasmick Lane, Frostburg, MD 21532
9-120.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 8 S Broadway

Date
Details
Price
Change
Source
5/08/2023
Sold
$265,000
-11.67%
MLS
6/24/2022
Price Reduced
$300,000
-11.45%
MLS
2/17/2022
Price Reduced
$338,800
-15.05%
MLS
9/17/2021
Price Reduced
$398,800
-11.14%
MLS
3/29/2021
Listed
$448,800
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Keller Williams Premier Realty, Lana K Roby
Sold by Charis Realty Group, Jennifer Jackson

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8 S Broadway, Frostburg, MD 21532 (MLS# MDAL136510) is a Retail property that was sold at $265,000 on May 08, 2023. Want to learn more about 8 S Broadway? Do you have questions about finding other Retail real estate for sale in Frostburg? You can browse all Frostburg real estate or contact a Coldwell Banker agent to request more information.