1501 Maryland HwyOakland, MD 21550

Property Details for 1501 Maryland Hwy

Year built

1998

Lot size

0.93 AC

Property size (Sq ft)

4,608 SF

Property type

Other commercial real estate

Description

This exceptional investment property, located at 1501 Maryland Highway in Oakland, Maryland, presents a unique opportunity for savvy investors. The property boasts a 4,608 square foot main building featuring twelve guest rooms, with two already renovated and a third currently undergoing renovation. Adding to the income potential is a separate one-bedroom, one-bathroom apartment complete with its own kitchen and garage. This apartment has its own electric meter and can be rented independently from the hotel, offering multiple revenue streams. The hotel benefits from excellent visibility and high traffic counts due to its prime location on Maryland Highway. A paved driveway ensures convenient access, and the property includes an ADA-compliant room on the main level. The front desk maintains a seven-day-a-week schedule, maximizing guest services and potential bookings. The 0.93-acre lot provides ample space. Note that the adjacent Riverside Grill and a separate 2.82-acre commercial lot are also available for sale, either individually or in conjunction with this property, presenting further expansion or investment possibilities. This turnkey operation is ready for a new owner to capitalize on its existing success and further develop its potential.

Location Insight

City

Oakland

County

Garrett

State

Maryland

Latitude

39.3971

Longitude

-79.3714

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