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32235716
32235717

24 National Hwy, Cumberland, MD 21502

JS
CA 01507135, ID DB40618 (+8)
JDS Real Estate Services, Inc.
JS
OK 159684, MI 6505432092 (+2)
JDS Real Estate Services, Inc.
JM
000166011
MHP Brokerage
CM
FL SL3656113
Listed by JDS Real Estate Services, Inc., MHP Brokerage
$1,500,000
37 days on market
Updated 37 days ago

Valley Plaza and LaVale Self Storage

Details
Property Type Retail, Self Storage
Sub Type Restaurant
Square Footage 8,000
Units 35
Cap Rate 7.60%
NOI $114,736
Occupancy 100%
Tenancy Multi
Year Built 1988
Acreage 1.000
Zoning Commercial
Parking Spaces 29 spaces
Parking Per SqFt 3.62
Investment Type Stabilized

Retail | 7.60% CAP | 8,000 SqFt

Marketing description

Positioned along the highly traveled National Highway (US-40), this versatile commercial property offers excellent visibility and accessibility in the thriving LaVale/Cumberland corridor. Situated on approximately 1 acre, the site features a well-maintained building with flexible space configurations suited for retail, office, medical, or restaurant use.

The property includes multiple suite layouts, historically configured for professional offices and service-oriented businesses, with open floor plans, private offices, and reception areas. Recent updates and renovations enhance its functionality, making it move-in ready for a variety of commercial users.

With approximately 8,000-11,000 square feet of total building area (depending on configuration), the property provides ample room for single or multi-tenant occupancy. On-site parking and easy ingress/egress support customer convenience and business operations.

Located in a well-established commercial district, the property benefits from strong traffic counts, nearby residential neighborhoods, and proximity to major retail and dining destinations. The surrounding area offers a stable customer base and continued demand for service and restaurant businesses.

Investment highlights

  • The building is divided into 6 units: Ginger's Restaurant: Occupies 2 units - New 3-year lease expected to be signed within 1-2 weeks
  • Lincare: Occupies 4 units - Recently signed a new 3-year lease
  • Total Units: 35 (100% occupied)
  • Unit Mix & Pricing: 1 unit (8x8): ~$75/month, 5 units (5x7): ~$50/month, 29 units (10x10): ~$75/month
  • Lease Terms: Month-to-month
  • Up to 29 parking spaces for the property
  • Additional 6-7 street parking spaces located directly in front

Listing Contacts

JS
CA 01507135, ID DB40618 (+8)
JDS Real Estate Services, Inc.
JS
OK 159684, MI 6505432092 (+2)
JDS Real Estate Services, Inc.
JM
000166011
MHP Brokerage
CM
FL SL3656113
Listed by JDS Real Estate Services, Inc., MHP Brokerage

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$114,736.00
$9,561.33/mo

Valuation Metrics

0
DSCR
7.65%
Cap Rate
7.65%
ROI

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