24503 Riv RdWesternport, MD 21562

Property Details for 24503 Riv Rd

Year built

2000

Lot size

0.18 AC

Property size (Sq ft)

3,801 SF

Property type

Other multifamily properties

Property subtype

Residential income properties

Description

This exceptional investment opportunity in Westernport, MD, encompasses three properties: 24503 River Road, 24505 River Road, and a parcel on First Street, totaling 3,801 square feet on a 0.18-acre lot. The property's prime location on a busy highway ensures high visibility and accessibility. The complex includes a versatile office unit, a substantial three-bay metal garage, and a former gas station building with additional garage space. This presents a unique blend of commercial and potential residential uses. A recent survey has been completed for the property. The existing storage units are a mix of metal and wood construction. Currently, the property generates a gross annual rental income of $9,360. Note that the three-bay garage and the former gas station building are not currently rented, offering significant upside potential for increased revenue through lease agreements. This presents a rare chance to acquire a well-situated multi-family property with substantial additional space ideal for various commercial ventures. The property's diverse offerings and strategic location make it an attractive investment prospect with considerable growth potential. Serious inquiries are encouraged.

Location Insight

City

Westernport

County

Allegany

State

Maryland

Latitude

39.481

Longitude

-79.0402

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