1527 Maryland HwyOakland, MD 21550

Property Details for 1527 Maryland Hwy

Year built

1993

Construction

BRICK

Lot size

0.47 AC

Property size (Sq ft)

384 SF

Zone code

C

Property type

Industrial properties

Property subtype

Other warehouses

APN

16-017795

APU

16017795

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $104,613

  Hospitality

  $95,825

  Educational

  $79,725

  Medical

  $82,467

  Retail

  $124,017

Location Insight

City

Oakland

County

Garrett

State

Maryland

Latitude

39.3974

Longitude

-79.3711

Property Tax & Assessments

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