$265,000
$300,000
11.7%For more information regarding the value of a property, please contact us for a free consultation.
3,200 SqFt
SOLD DATE : 05/08/2023
Key Details
Sold Price $265,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 3,200 sqft
Price per Sqft $82
Subdivision None Available
MLS Listing ID MDAL136510
Sold Date 05/08/23
HOA Y/N N
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $1,942
Tax Year 2022
Lot Size 1,522 Sqft
Acres 0.03
Property Description
!!!!! Newest Announcement 6/24/22 !!!!!
!!!!! Price Reduction to owner's bottom line $300,000 !!!!!
!!!!! ANNOUNCEMENT 6/8/22 !!!!!
!!!!! ALL OFFERS WILL BE CAREFULLY CONSIDERED, as the family would love to see this iconic business continue to thrive and serve the community. “The Frostburg Baker”, Lorenzo, & his wife Tammy, are ready to retire, relax, and take time with family and fishing. Should you have potential interest in owning one of the region’s most popular, long running (30+year) businesses, and the best and most loved bakery in the area, YOU'LL WANT TO BRING YOUR OFFER NOW !!!!!
This listing includes both the business and the building (bakery/storefront on street level AND home above).
Steeped in time, describes both the building, and landmark business, of Lorenzo's Bakery. Live, play, work -- all in one, with your second and third story home just above. Have what you want in a home, and more, from the dormered third floor loft, featuring the warmth of tongue and groove wood, with skylights and palatial windows overlooking the town, to the basement workshop and handy grilling porch/sun deck. Delight in original wood floors, archways, and architectural features unique to the building's era all very well kept and loved. Located in Frostburg, the small college town, in Western "Mountaintop" Maryland, Lorenzo's is the bakery of choice, not only for the local masses, but also as a wholesale vendor to the multi-state retail and restaurant community. A business location since the 1880's, and a bakery for nearly 40 years, the "just off main" retail storefront and production kitchen, stands ready for you to step in and roll. Pastries, cookies, donuts, breads, rolls, cakes, specialty Italian breads/desserts, and even peanut buttery dog treats, are baked as the sun rises, in time for retail store cases to be filled, and for the products to be available to the long established commercial client base. All good will, wholesale accounts, recipes and transition help are included. Located just off Interstate Rt. 68, you can continue to build on this solid business and home foundation, and roll in the dough!
Financials available to qualified buyers.
Location
State MD
County Allegany
Area Frostburg - Allegany County (Mdal8)
Zoning C3
Interior
Hot Water Electric, Natural Gas
Heating Radiator, Central, Zoned
Cooling Window Unit(s)
Flooring Ceramic Tile, Wood, Vinyl, Concrete
Equipment See Remarks
Heat Source Coal, Natural Gas
Exterior
Utilities Available Natural Gas Available, Phone Connected, Sewer Available, Water Available
Waterfront N
Water Access N
View City
Street Surface Paved
Accessibility Level Entry - Main
Road Frontage City/County
Parking Type On Street
Garage N
Building
Lot Description Level, Corner
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Call School Board
Middle Schools Call School Board
High Schools Call School Board
School District Allegany County Public Schools
Others
Tax ID 0128003765
Ownership Fee Simple
SqFt Source Assessor
Security Features Monitored,Surveillance Sys
Special Listing Condition Standard
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Bought with Jennifer Jackson • Charis Realty Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "