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Listed by Jordan Wilson • Mountainside Home Realty
$ 699,900
Est. payment | /mo
0.27 Acres Lot
$ 699,900
Est. payment | /mo
0.27 Acres Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID MDAL2015468
Year Built 1964
Annual Tax Amount $4,732
Tax Year 2026
Lot Size 0.270 Acres
Acres 0.27
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Exceptional opportunity to own one of Cumberland's most recognizable commercial properties. The Hanks Medical Building is a well-established, multi-tenant investment property currently generating over $60,000 in annual gross rental income. Ideally positioned on a highly visible signalized corner along one of Cumberland's busiest commercial corridors, the property benefits from excellent daily traffic, exceptional visibility, and prominent monument signage. Recent improvements include a new roof, updated electrical, and new lighting throughout. With a strong mix of medical, retail, and professional tenants, ample paved parking, and outstanding accessibility, this landmark property offers immediate cash flow with long-term investment potential.
Location
State MD
County Allegany
Area S Cumberland - Allegany County (Mdal2)
Zoning R-M
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Heat Source Electric
Exterior
Garage Spaces 22.0
Water Access N
Accessibility 2+ Access Exits
Total Parking Spaces 22
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Allegany County Public Schools
Others
Tax ID 0104023951
Ownership Fee Simple
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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