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    3501 George Washington Hwy Oakland, MD 21550

    Sponsored
    For Sale
    $125,000

    High-visibility commercial lot with garage. Ideal for investors.

    Property size:
    574 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional 2.86-acre commercial property at 3501 George Washington Highway in Oakland, MD, presents a unique investment opportunity. The property boasts a recently renovated garage featuring four spacious bays, perfect for a variety of uses including automotive repair, storage, or a workshop. A substantial gravel storage lot and a concrete pad offer ample outdoor storage space. Two metal storage containers provide additional secure storage options. The 574-square-foot building is complemented by the expansive acreage, providing significant potential for expansion or development. The property's location on George Washington Highway ensures high visibility and convenient access, making it an attractive proposition for businesses seeking a prominent location. The property is priced at $125,000. Note: During inclement weather, prospective purchasers and their representatives assume all liability associated with weather conditions at the property.

    Property Features for 3501 George Washington Hwy

    General Information

    Property type
    Other commercial real estate
    Square Feet
    574 SF
    Lot Size
    124,582 SF

    Building Details

    Year Built
    1950
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Garrett
    State
    Maryland
    Longitude
    -79.43419
    Latitude
    39.29752

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    FAQs

    What type of property is this?
    Commercial real estate - High-visibility commercial lot with garage. Ideal for investors.
    Where is this commercial real estate located?
    The property is located at 3501 George Washington Hwy Oakland, MD.
    What is the asking price?
    The asking price for this property is $125,000.
    (301) 387-2000
    Request Owner's contact information
    3501 George Washington Hwy Oakland, MD 21550
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    Oakland, MD 21550
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3501 George Washington Hwy Oakland, MD 21550
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