YOU NOW HAVE FULL ACCESS TO FRE
A confirmation email has been sent to the email address provided.
In order to complete your registration, please click the link in the email.
If you do not see the email within 5 minutes, please click here
*If you're having trouble finding the email, please check your spam folder*
±24,000 SF Renovated Light Industrial Building
-
Auction #
520 -
Interior Space:
± 23,730 SF -
Lot Size:
±0.73 acres -
Transaction Fee:
5% (Min US $25,000) -
Broker1%
Co-op:
±24,000 SF Renovated Light Industrial Building
Industrial Property For Sale in Cumberland, MD
322 Paca Street, Cumberland, MD 21502FRE Auctions and MRE Brokerage Services are pleased to present the Online Auction Plus event (allows for contingencies) for a Versatile Building with built-in value in Allegany County, MD.
This ±24,000 SF former industrial and office property is a prime value-add opportunity with key features that can be leveraged to support a variety of business models. Its downtown location and adaptable structure are well-suited for a developer or investor ready to capitalize on the city's ongoing economic growth.
Property Information:
- Infrastructure: ±23,730 SF former textile manufacturing facility allows for a wide range of uses, including light industrial, office, and mixed-use, optimizing the building's layout
- Loading Docks: Two (2) enclosed docks with load levelers, with an additional dock in the manufacturing area, essential for logistical operations.
- High Ceilings: Varies from 12' to 18' in warehouse areas
- Updated Infrastructure: Updated HVAC and sprinkler systems
- Mezzanine Level: Additional storage space and restrooms
- Strategic Location: Situated in a high-visibility downtown corridor with convenient access to
- Major transportation routes (I-68 and Route 40)
- Walking distance from the Cumberland Amtrak Station
- Cumberland’s Downtown Historic City Center
- Economic Drivers: The local economy is anchored by major employers in healthcare and education, providing a stable local workforce and consumer base that supports new business growth
- Revitalization Efforts: The City of Cumberland's active investment in downtown revitalization creates a supportive environment for new businesses and may provide opportunities for grants and incentives that can enhance a redevelopment project's financial viability
Cumberland MD, Planning Department Phone: (301) 759-6442
Location Information:
Cumberland's economy provides a stable foundation for new business. The median household income is on the rise, reflecting a trend of increasing consumer spending that can support a new commercial enterprise.
The city functions as a regional hub for healthcare and education, with major employers such as UPMC Western Maryland and Allegany College of Maryland. This provides a stable economic foundation and a consistent workforce, creating a favorable environment for businesses across various sectors.
Ongoing state and local investments are actively enhancing the downtown core. This revitalization is generating a substantial increase in demand for both commercial and service-based businesses, positioning the area for future growth. Cumberland Projects
Downloadable Documents Sign In to Access
Property Viewing
If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.
If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.
Start Temporary Access AgreementFinancing
This is an Auction Plus event in which a financing contingency is permitted. On the bid form you will be asked to include financing details.
For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.
Broker of Record for this property: MRE Brokerage Services LLC, MD # 5001086
All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.
Conditions may be included with your bid
How to Bid
-
1Set up a free user accountFree registration with no obligation. Your account provides access to additional information and documents, as well as email updates.
-
2Search & SelectThe Future of Real Estate features real estate from the USA and international. Utilize our advanced search criteria to narrow down your selection.
-
3Review InformationAccess property information to make better-informed decisions. Available information varies depending on each real estate asset type.
-
4Submit Deposit (if required)Prior to placing a bid, you may need to submit a deposit. Deposits can be submitted using credit card, wire transfer or check.
-
5Place Online BidPlace bids on your selected asset prior to the deadline. Specifics vary for each asset.
-
6Winner is DeclaredBuyer deposits purchase funds, and closing coordinator assists Buyer and Seller with final paperwork.
ADD PROPERTY TO FAVORITES
Conditions may be included with your bid
Cumberland, MD 21502
Conditions may be included with your bid
-
Allegany County
Cumberland, MD -
Property Type: Commercial Property
-
Interior Space: ± 23,730 SF
-
Lot Size: ±0.73 acres
-
Transaction Fee: 5% (Min US $25,000)
-
Broker Co-op: 1.00%
FRE Auctions and MRE Brokerage Services are pleased to present the Online Auction Plus event (allows for contingencies) for a Versatile Building with built-in value in Allegany County, MD.
This ±24,000 SF former industrial and office property is a prime value-add opportunity with key features that can be leveraged to support a variety of business models. Its downtown location and adaptable structure are well-suited for a developer or investor ready to capitalize on the city's ongoing economic growth.
Property Information:
- Infrastructure: ±23,730 SF former textile manufacturing facility allows for a wide range of uses, including light industrial, office, and mixed-use, optimizing the building's layout
- Loading Docks: Two (2) enclosed docks with load levelers, with an additional dock in the manufacturing area, essential for logistical operations.
- High Ceilings: Varies from 12' to 18' in warehouse areas
- Updated Infrastructure: Updated HVAC and sprinkler systems
- Mezzanine Level: Additional storage space and restrooms
- Strategic Location: Situated in a high-visibility downtown corridor with convenient access to
- Major transportation routes (I-68 and Route 40)
- Walking distance from the Cumberland Amtrak Station
- Cumberland’s Downtown Historic City Center
- Economic Drivers: The local economy is anchored by major employers in healthcare and education, providing a stable local workforce and consumer base that supports new business growth
- Revitalization Efforts: The City of Cumberland's active investment in downtown revitalization creates a supportive environment for new businesses and may provide opportunities for grants and incentives that can enhance a redevelopment project's financial viability
Cumberland MD, Planning Department Phone: (301) 759-6442
Location Information:
Cumberland's economy provides a stable foundation for new business. The median household income is on the rise, reflecting a trend of increasing consumer spending that can support a new commercial enterprise.
The city functions as a regional hub for healthcare and education, with major employers such as UPMC Western Maryland and Allegany College of Maryland. This provides a stable economic foundation and a consistent workforce, creating a favorable environment for businesses across various sectors.
Ongoing state and local investments are actively enhancing the downtown core. This revitalization is generating a substantial increase in demand for both commercial and service-based businesses, positioning the area for future growth. Cumberland Projects
Property Viewing
If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.
If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.
Start Temporary Access Agreement
Financing
This is an Auction Plus event in which a financing contingency is permitted. On the bid form you will be asked to include financing details.
For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.
Broker of Record for this property: MRE Brokerage Services LLC, MD # 5001086
All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.