165 N Centre Street Cumberland, MD $ 190,000
165 N Centre Street
$ 190,000
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165 N Centre Street

Cumberland, MD, 21502
$ 190,000
Baths0.0 Sq 3,696

Monthly Estimate*

$ 1,327

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Studio

Commercial Property for sale in Cumberland, MD

for $190,000. This 3,696 square foot building was built in 1900 on a lot size of 0.04.

For over five decades, Cycles & Things has been an unwavering presence in the Cumberland area, establishing itself as a cornerstone of the community. Now, the time has come for the torch to be passed to a new individual with a passion for cycling and a keen business acumen. Showings of this remarkable opportunity will be exclusively held during the shop's regular business hours. Guided tours will be personally conducted by Mike, the dedicated owner who has nurtured and guided the business since 1984. Inclusive of this enticing offer is the building itself, a repository of history and potential, alongside a well-curated inventory that embodies the spirit of Cycles & Things. This iconic establishment has ingrained itself as a household name within the local community. Upstairs, an untapped realm awaits transformation. While serving as storage during Mike's tenure, this space offers the potential to be rejuvenated into a dwelling. Picture restoring the kitchen, dining room, two bedrooms, and a welcoming living room. Imagine residing just above your own entrepreneurial endeavor, a concept that bridges the personal and professional spheres seamlessly. The prospect of commencing a new business venture from scratch, while striving to cultivate its growth, can be both financially strenuous and fraught with risk. The beauty of this opportunity lies in the established foundation and the loyal customer base that accompanies it. By stepping into Cycles & Things, you not only acquire a business but also inherit the trust and rapport carefully cultivated over decades. With no franchise fees to contend with, the path forward is paved with potential and promise. Don't merely envision owning a business; embrace the chance to be a part of a legacy and continue the journey that Cycles & Things has embarked upon for generations.

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Commercial Active

Price

$ 190,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 1,373

Style

Recreation

Lot Size

0.04

Year Built

1900

Town/City

Cumberland

County/Region

Allegany

MLS | Web ID

MDAL2003132

Features
Interior
Heating Fuel Natural Gas
Hot Water Electric
Heating Y/N Y
Street Suffix STREET
Central Air Y/N N
Total Restrooms 1
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General
Sewer Public Sewer
Heating Forced Air
Cooling Wall Unit
Possession Settlement
Roof Rubber
Zoning B-CBD
Construction Materials Brick
Year Built 1900
Property SubType Mixed Use
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality Cumberland
Business Type Recreation
Accessibility None
County ALLEGANY
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions USE GPS
City CUMBERLAND
Buyer Agent Compensation 3
Total Units 2
MLS Area N Cumberland - Allegany County (MDAL1)
Lot Size Square Feet 1890.00
Waterfront Y/N N
Street Name CENTRE
Tax Annual Amount 1373.0
Price Per Sq Ft 51.41
Acceptable Financing Cash Conventional
Lease Considered Y/N N
Vacation Rental Y/N N
Days on Market 730
Location Type Business District
Standard Status Active
Year Built Source Assessor
Buyer Agent Compensation Type % Of Gross
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Exterior
Water Source Public
Inclusions Business and Inventory
Type of Parking On Street
Water View Y/N N
Building Area Total 3696.00
Lot Size Acres 0.04
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 7500.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 165
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* Excluded Features
List By
Coldwell Banker Premier

Broker

billlogsdon@premiermove.com

Email

Affordability Calculator

$1,442
Per Month
92%
8%
0%
Monthly Principal & Interest
$1,327
Monthly Property Taxes
$114
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/21/2023$190,000 -13.64% Price Down
2/16/2023$220,000 -6.38% Price Down
8/18/2022$235,000 -2.08% Price Down
5/2/2022$240,000 Listed Price

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165 N Centre Street, Cumberland, MD, 21502 is a Commercial Property for sale at $190,000 with 3,696 sqft and a lot size of 0.04. 165 N Centre Street is a studio with 0.0 baths and was built in 1900. The property's zip code is 21502 which is in Cumberland, MD