Oakland, MD 21550,1501 MARYLAND HWY
Oakland, MD 21550,1501 MARYLAND HWY
Oakland, MD 21550,1501 MARYLAND HWY
Listed by Nick Fratz-Orr • Railey Realty, Inc.
Bought with Unrepresented Buyer • Unrepresented Buyer Office
$250,000
Est. payment /mo
$400,000
37.5%
Est.Price: ?

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0.93 Acres Lot
SOLD DATE : 05/02/2025

Key Details

Sold Price $250,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

MLS Listing ID MDGA2008470

Sold Date 05/02/25

Year Built 1998

Annual Tax Amount $5,224

Tax Year 2024

Lot Size 0.930 Acres

Acres 0.93

Property Sub-Type Other

Source BRIGHT

Property Description

Riverside Suites offers 12 rooms and an additional 1BR, 1BA apartment with kitchen and garage! Two of the 12 rooms have been renovated with a third room under construction for renovations to be completed. The apartment offers its own electric and can be rented separately from the hotel, creating multiple income opportunities. Excellent exposure from Maryland Highway creates opportunity for strong occupancy rates. Paved Driveway. ADA Compliant room on main level. Front desk is open 7 days per week. Looking for your next investment opportunity? Call today to schedule a private showing! Riverside Grill and additional 2.82 acre commercial lot also for sale separately or together. Lots of opportunities with this property!

Location

State MD

County Garrett

Zoning C

Interior

Hot Water Electric

Heating Wall Unit, Heat Pump(s)

Cooling Ductless/Mini-Split, Wall Unit

Heat Source Electric

Exterior

Garage Spaces 13.0

Water Access N

Roof Type Metal

Accessibility Level Entry - Main

Total Parking Spaces 13

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Garrett County Public Schools

Others

Tax ID 1216016535

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Financing Cash,Conventional,Other

Special Listing Condition Standard

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Bright MLS (BMLS)

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