120 Grand Ave - Specialty FOR SALE


Cumberland, MD 21502
$209,000 USD
855-204-2400
120 Grand Ave, Cumberland, MD for Sale
$209,000 USD
Specialty - FOR SALE
1/29
null | Request Cap Rate

NEW


120 Grand Ave
Cumberland, MD 21502


HIGHLIGHTS

  • Church Complex with Parsonage and Parking
  • Sanctuary, Hall, Kitchen, Offices, Classrooms

OVERVIEW

The former Trinity United Methodist Church offers a rare opportunity for a growing and active congregation to acquire a church campus with the space and flexibility to support a wide range of worship, educational, fellowship, and community ministries. The sale includes a three-level church/education complex, a separate parsonage, and a dedicated parking lot. House of Worship: The main level features a sanctuary with pew seating, a multi-purpose room, music room, office space, and restrooms. The upper level includes classrooms and a chapel, and the lower level supports a hall and kitchen. Parsonage: The former parsonage is a large, gracious two-level residence with an attic and basement. The home requires extensive rehabilitation but offers considerable potential for a variety of uses. Parking: The dedicated parking lot is located directly across the street at 125 Grand Ave. The parcel number is 04-020979, and measures 69 x 100' (6875 SF). Sale Terms and Due Diligence: The property is offered for sale only; there is no option to lease. The seller has limited knowledge regarding the property's condition and encourages prospective buyers to conduct a thorough inspection and complete all appropriate due diligence. The property will be sold AS IS, WHERE IS, with the seller making no repairs or improvements. Owner financing may be available with a full-price offer. Commercial financing terms are 30% down, 6.5% interest, amortized over 20 years, with a 5-year balloon payment. The seller makes no representations or warranties regarding the property's condition, zoning, permitted uses, or suitability for any particular purpose. Buyers are responsible for investigating and satisfying themselves regarding all such matters during the study period. Offer Process: To submit a Letter of Intent (LOI), please request a term sheet. The seller will utilize its own commercial purchase agreement and designated closing agent. Buyer is responsible for all closing costs, except for seller's agent commission and any applicable prorations of real property taxes, water, or similar charges. This is a commercial sale.

FOR SALE DETAILS

PRICE

$209,000 USD

PRICE/SF

$14 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Trinity United Methodist Church & Parsonage

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

-

YEAR BUILT

1915

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R-L

APN/PARCEL ID

04-030818

ASK ABOUT THIS PROPERTY

Barb BindonMaryland Land/ PraiseBuildingsMore Info
855-204-2400

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Barb BindonMaryland Land/ PraiseBuildingsMore Info
855-204-2400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.