For Sale
$1,500,000

17848 Garrett HwyOakland, MD 21550

Profitable Motel, 5.77 Acres

Overview

Added:
Feb 3
Days on market:
63
The Garrett Inn, a well-maintained motel in Oakland, MD, presents a unique investment opportunity. This established business boasts 10 guest rooms and a separate 3-bedroom living quarters, all situated on approximately 5.77 acres of land. Centrally located in the heart of Garrett County and near Deep Creek Lake, the motel enjoys a prime location for tourism and recreation. The property's strong cash flow makes it an attractive investment, with detailed financials available under a non-disclosure agreement. The asking price for the motel and its immediate 5.77 acres is $1,500,000. An additional adjacent parcel of approximately 4+ acres of commercially zoned land is also available for $575,000. This parcel includes a non-conforming home, potentially suitable for office space or other uses within a rental community. The zoning allows for a variety of potential uses for this additional land, which can be verified through the appropriate channels. This combined offering presents a rare chance to acquire a profitable business and significant land holdings in a desirable location. The total square footage of the motel building is 5,428 square feet. Serious inquiries are encouraged to explore this exceptional opportunity further.

Property Details for 17848 Garrett Hwy

Property type
Square Feet
5,428 SF
Year Built
1963
Lot Size (sq. ft)
251,341 SF

Location Insight

City
Oakland
County
Garrett
State
Maryland
Latitude
39.48443
Longitude
-79.34942
17848 Garrett Hwy, Oakland, Maryland

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17848 Garrett Hwy
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