231 VIRGINIA AVE, Cumberland, MD 21502 – MDAL2009512

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Joseph Lam

sales@soldbyturnkey.com +1(856) 305-8329

$475,000

Est. payment - /mo

8,184 SqFt

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UPDATED:

09/30/2024 06:00 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 8,184 sqft

Price per Sqft $58

MLS Listing ID MDAL2009512

Originating Board BRIGHT

Year Built 1910

Annual Tax Amount $1,877

Tax Year 2024

Lot Size 6,418 Sqft

Acres 0.15

Property Description

ANNUAL SDE OF 126K.
Fantastic commercial/residential sale of well-known community business plus additional income opportunity with TWO 1200SF APARTMENTS! Welcome to Marvin's Floor Centre. This woman owned & minority certified business has been flourishing since 1987 with an Avg SDE of 126k... For 37 years, this company has been serving the tri-state area with excellent service. Marvin's is well established in both residential & commercial sales. With little marketing and word-of-mouth sales, Marvin's has set itself as the "go to" spot for your flooring & tile needs. This business includes 8,000 sq. ft. of real estate with parking for 7 vehicles. Showroom space includes carpet, sheet vinyl, hardwood, laminate, vinyl tile/waterproof flooring, and porcelain/ceramic displays. All racks, displays, and equipment convey with the business. Also included are 2 apartments; 1200 sq. ft. each. One apartment is fully furnished & equipped; previously rented for $750.00 per month with water included. The 2nd apartment could be made into 2 apts. As a single apartment, rent was $650.00 per month with water included. Don't miss this opportunity to own a Historic and highly successful business in Western Maryland.

Location

State MD

County Allegany

Area S Cumberland - Allegany County (Mdal2)

Zoning B-L

Interior

Hot Water Electric

Heating Hot Water

Cooling Central A/C

Flooring Hardwood, Carpet

Heat Source Natural Gas

Exterior

Garage Spaces 8.0

Water Access N

Roof Type Shingle

Accessibility 36\"+ wide Halls

Total Parking Spaces 8

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Allegany County Public Schools

Others

Tax ID 0104021932

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Listed by Donald Frederick White III • Garceau Realty

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Joseph Lam

+1(856) 305-8329

Broker Associate | License ID: 0682262

Broker Associate License ID: 0682262