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You don't want to miss this AMAZING investment opportunity! Here is your chance to own nearly a whole block of commercial property in downtown Cumberland! This sale includes 3 structures and 2 parking lots on a half acre of adjoining parcels, which consists of a main building ( 8,796 sq ft), an apartment building ( 7,024 sq ft), and a duplex storefront building ( 3,182 sq ft); Parking lots cover approx. 8,000 sq ft.<br />
Main building (230 Balt.), also known as "The George Truog House" was a former funeral home and residence custom-built in 1903 by Truog, and designed by local architect Wright Butler with meticulous attention to detail. It is listed on the National Register of Historic Places, and has been featured on HGTV's "If Walls Could Talk" (episode 1303). Current owner has gone to great lengths to preserve the building's historical integrity and uniqueness. Built of granite block and glazed brick, along with copper turrets and railing, the materials used by Truog were second to none. The interior is blazoned with marble fireplaces imported from Italy, stained glass windows, and numerous references to the Truog name, from the large monogram on the striking mosaic floor in the foyer, to the original murals covering the walls and ceiling. Nearly all of the glass doorknobs are embellished with the GT monogram etched into them. Beyond the lavish dining room with sycamore beam ceiling is an expansive, open-concept kitchen and great room. The pine cabinets with granite counters offer an abundance of storage and prep space. Deep blue cathedral-style stained windows adorn the walls, creating an alluring ambience. The perfectly matching AGA range is the pinnacle of elite culinaire, sure to steal any master chef's heart.<br />
A service elevator provides easy moving and access to the 1st, 2nd, and basement floors. 2nd floor contains library, music room, laundry, primary bedroom with en suite walk-in closet, 3 additional bedrooms, bathroom, and a common area. A picturesque balcony decorates the façade of the building, bridging the turret windows of the library and music room. <br />
3rd floor is a suite of its own, with 3 more bedrooms, kitchen, and another bathroom. The front room of the 3rd floor used to be a ballroom, originally with another balcony from the arch window.<br />
The cavernous basement has ample storage, workshop, and deep garage bay with huge door. The adjacent apartment building also has a massive basement, with a comparable second garage bay. Slate roof has been replaced by the owner.<br />
228 Baltimore adjoins to 230 with a connecting staircase and separate entrance for tenants. 1st floor of this building has commercial space with potential for café/restaurant/bar or retail. 4 residential units are on the upper two floors, each with 2BRs/1Bth. Laundry hookups in units, as well as laundry room in basement. 228's basement also has a bathroom, rec hall, garage, and utility room with separated hot water tanks.<br />
234/236 Baltimore falls on the other side of the parking lot of 230, and is divided into two other commercial units.<br />
There is so much potential to be had for this true treasure of real estate, with several possibilities for revenue as a mixed use investment.<br />
Update 2024--Home is in the process of being restored , after having a furnace shut down and pipes frozen in December 2022.<br />
o Third floor is completed with 2 new bathrooms, 3 bedrooms and a large gathering room<br />
o Entire house now has a new heating and cooling system with 6 zones of high efficiency wifi controllable systems<br />
o Plans for first and second floor are available from current owner, and award winning kitchen,bathroom and residential designer from Annapolis MD<br />
o Current design plans allow flexibility of use as home or commercial use.<br />
o All materials already purchased convey<br />
o Current furnishings available<br />
o Current contractors are all available and desire to complete the balance of renovations, included property managers |
