For Sale
$1,100,000

1527 Maryland HwyOakland, MD 21550

Iconic Mixed-Use Property, Multiple Income Streams

Overview

Added:
Feb 3
Days on market:
63
This exceptional mixed-use property in Oakland, Maryland presents a unique investment opportunity. The iconic Riverside Grill, Inn and Suites (formerly Long Branch) boasts multiple income streams derived from both its established restaurant and motel operations. The restaurant has undergone a significant renovation, encompassing the dining area, bar, and kitchen, creating a modern and inviting space for patrons. The motel comprises twelve rooms, several of which have recently been renovated. A significant asset is a one-bedroom, one-bathroom apartment with an attached full garage, offering potential for nightly rentals or long-term occupancy. Adding to the property's appeal is a substantial 2.8+ acre commercial lot, ripe with development possibilities. The property's prime location provides over 700 feet of frontage on the Little Youghiogheny River, creating a truly picturesque riverside setting. The total building size is 9,730 square feet, situated on a 4.62-acre lot. This property is ideally suited for an entrepreneur seeking to establish or expand their restaurant, motel, and other commercial ventures. The asking price for this remarkable property is $1,100,000. This is a rare chance to acquire a well-established and versatile property with significant income potential and substantial development opportunities.

Property Details for 1527 Maryland Hwy

Property type
Mixed-use properties
Square Feet
9,730 SF
Year Built
1993
Lot Size (sq. ft)
201,247 SF

Location Insight

City
Oakland
County
Garrett
State
Maryland
Latitude
39.39754
Longitude
-79.37093
1527 Maryland Hwy, Oakland, Maryland

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1527 Maryland Hwy
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