Commercial: Mixed Use • Parking Lot, Fenced, Paved Parking, Private
This commercial property presents a compelling investment opportunity, strategically located on a prominent corner lot with excellent road frontage. Traffic Count of nearly 15k. Spanning 0.79 acres, the level terrain offers versatility for various development options.
Originally constructed in 1920, the building features a robust mix of materials, including block and concrete, though it requires significant rehabilitation, presenting an opportunity for value-add renovations. The now gutted condition allows for potential investors to capitalize on the property’s intrinsic value through strategic improvements and opportunity. Some engineering plans exist for the addition of roughly 16 apartments, the potential for an indoor storage facility and even a cold storage/office area.
The city location enhances the appeal, making it suitable for a range of commercial uses if those ideas aren’t for you. With fenced, paved parking available, this property is poised for growth in a dynamic market. Investors can anticipate substantial returns by revitalizing this asset in a location with promising future development potential. NDA and HHA required before showings are granted. Build to Suit option available.
Price: $450,000
Business Type: Cold Storage
Property Use: Investment
Possible Use: Apartment Building, Development, Office
Traffic Count: 10000 – 14999
Building Total SQFT: 22,888 sq ft / Estimated
Present Licenses: None
Potential Tenancy: Multiple
Development Status: Engineer Drawings, Utilities at Site, Zoned
Total Loading Docks: 1
Total Drive In Doors: 4
Price / Sqft: $105
Fencing: Yes
Location Type: Corner Lot/Unit
MLS #: MDAL2013456
Condition: Below Average, Major Rehab Needed
Lot Size: 0.79a / 34412sf / Estimated
Lot Features: Corner, Level, Not In Development, Road Frontage
Road Responsibility: City/County
Road Surface: Black Top
Waterfront: No
County: Cumberland
Construction Materials: Block, Cast Iron Plumbing, Combination, Concrete, CPVC/PVC, Glass, Mixed Plumbing, Rough-In Plumbing, Vinyl Siding
Foundation: Slab
Roof: Asphalt, Metal, Rubber
Flooring: Concrete, Tile/Brick
Utilities: Sewer Available, Under Ground, Water Available; Central A/C, Window Unit(s); Cooling Fuel: Electric; Electric Service: 200+ Amp Service; Heating: Baseboard – Electric, Forced Air; Heating Fuel: Electric, Natural Gas Available; Hot Water: None; Water Source: Public; Sewer: Public Sewer
Explore the interactive 3D tour to clearly view the rooms, layout, and outdoor areas, no appointment needed.
With over 12 years of experience in real estate, I’m dedicated to helping you find your dream home. Let me guide you through every step of the buying process with professionalism and care.
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