12743 Garrett HwyOakland, MD 21550

Property Details for 12743 Garrett Hwy

Year built

1982

Construction

BRICK

Lot size

0.79 AC

Property size (Sq ft)

21,550 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

14-022392

APU

14022392

Description

This exceptional investment opportunity presents a rare chance to acquire a prominent Oakland, MD commercial plaza. The property encompasses two income-producing buildings totaling over 21,550 square feet of leasable retail space, currently generating strong rental income. A highly profitable liquor store business is included in the sale, providing an immediate and established revenue stream. Financial statements for both the plaza and the liquor store are available upon request with a signed Non-Disclosure Agreement. Adding to the value proposition is approximately 0.79 acres of undeveloped land, offering significant potential for future expansion or development. A single-unit apartment is also part of the property, providing additional income potential or housing for on-site management. Located at 12743 Garrett Highway in Oakland, MD, this well-known plaza benefits from high visibility and strong local traffic. The property's size, diverse income streams, and development potential make it an attractive investment for both seasoned and emerging commercial real estate investors seeking a stable and growing portfolio. This is a turnkey operation with established tenants and a proven track record of profitability. The opportunity to acquire a well-established commercial plaza with additional land and a thriving liquor store business is truly unique and unlikely to be repeated. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $7,539,808

  6.5%

  $6,959,822

  7%

  $6,462,692

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,857,942

  Geo Method

  $10,857,942

• Alternative Use

  Use

  Valuation

  Residential

  $5,870,870

  Hospitality

  $5,377,686

  Educational

  $4,474,172

  Medical

  $4,628,045

  Retail

  $6,959,822

Location Insight

City

Oakland

County

Garrett

State

Maryland

Latitude

39.4221

Longitude

-79.3983

Property Tax & Assessments

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