116 Virginia Ave
$165,000
116 Virginia Ave, Cumberland, MD 21502
For Sale
Mixed Use
Active
Last Updated: 06/30/2025
2,592 sqft
Building Size
1936
Year Built
Details:
Building Size: 2,592 sqft
Year Built: 1936
Price Per Sqft: $63.66
Zoning: COMMERCIAL
Roof: Rubber
Highlights:
- Days on Market: 141
- Heating: Forced Air
Description:
IMPROVED PRICE! Great Investment Opportunity!
Own this profitable laundromat with a long-term tenant occupying the upstairs apartment. The property features separately metered electric, with the owner covering approximately $250/month for gas, $200/month for water, and $200/month for electric. The seller nets approximately $1,200 to $1,300 per month.
The apartment tenant pays $650/month plus electric and enjoys gas forced air heating. This solid brick building is conveniently located close to all amenities. Don’t miss this fantastic income-generating property! Large parking lot! Call today to schedule a tour! Upstairs apartment does require a 24 hr. notice.
Location
Gallery
