Clear Spring, MD 21722,168 CUMBERLAND ST
Clear Spring, MD 21722,168 CUMBERLAND ST
Clear Spring, MD 21722,168 CUMBERLAND ST
$862,000
Est. payment /mo
$1,000,000
13.8%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

3,584 SqFt
SOLD DATE : 12/12/2023

Key Details

Sold Price $862,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 3,584 sqft

Price per Sqft $240

MLS Listing ID MDWA2003652

Sold Date 12/12/23

Originating Board BRIGHT

Year Built 1890

Annual Tax Amount $3,276

Tax Year 2022

Lot Size 7,524 Sqft

Acres 0.17

Property Description

Income Producing Mixed-Use Property & Profitable Retail Liquor Store Business - (Motivated sellers just reduced price.) Unique opportunity to purchase this 3,584 SF mixed-use property and profitable retail liquor store business in downtown Clear Spring, Washington County, Maryland. In addition to the newly renovated liquor store, this property features 2 beautifully remodeled apartments, which are perfect as rentals or Airbnbs. Conveniently located less than a half-mile from Interstate 70, and only 6 miles south of White Tail Ski Resort.

Profitable Retail Liquor Store (MAY BE PURCHASED SEPARATE FROM REAL ESTATE) - JJ’s Corner Liquors is a locally owned and operated full-service liquor store, with a strong customer following, offering a wide variety of domestic, imported and craft beers; a full line of bourbon, whiskey, vodka, scotch and other types of spirts; and a vast assortment of local and imported wines. Additional services include five tap growler station, lottery, cigarette sales, and more. This newly renovated liquor store is laid out to perfection with a state of the art POS system, sales counter, ATM, coolers, shelving, display racks, and more. Situated on the corner of US Route 40 and MD Route 68 in downtown Clear Spring, JJ’s has great visibility. In addition to street parking, there is a designated parking lot for JJ’s customers. Conveniently located less than a half-mile from Interstate 70, and only 6 miles south of White Tail Ski Resort.

YTD Gross Revenue (09/19/22): $335,509
2021 Gross Revenue (P/Y 11/25/21): $350,595
2020 Annual Gross Revenue: $209,929
Furniture, Fixtures, & Equipment: Included in the asking price (security system does not convey)
Inventory: Included in asking price, only if business is purchased with real estate.

Don’t miss this excellent opportunity to purchase this income producing property and profitable business, in a great location, with an impressive layout and a strong customer following!!

Location

State MD

County Washington

Zoning U

Interior

Hot Water Natural Gas

Heating Heat Pump(s)

Cooling Heat Pump(s)

Heat Source Natural Gas, Electric

Exterior

Waterfront N

Water Access N

Roof Type Metal

Street Surface Paved

Accessibility Other

Parking Type Off Site, On Street

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Washington County Public Schools

Others

Tax ID 2204002032

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Bright MLS (BMLS)
Listed by Ashleigh Laura Sutton Rossi • MacRo, Ltd.
Bought with Sydney L Machat • Berkshire Hathaway HomeServices Homesale Realty

Jason Freeby

Real Estate Team Leader

+1(908) 443-1405

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.