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    21507 Queens Point Rd Westernport, MD 21562

    Sponsored
    For Sale
    $230,000

    Spacious 14,852 sq ft building on 1.72 acres

    Property size:
    14,852 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property, located at 21507 Queens Point Road SW in Westernport, Maryland, presents a unique investment opportunity. The substantial brick building boasts approximately 14,852 square feet situated on a prominent 1.72-acre corner lot. Previously utilized as McCoole Elementary School, the building features a large auditorium with high ceilings, ideal for a variety of uses. Several classrooms have been converted into rentable storage units, generating current monthly income. The property benefits from a newer roof and ample parking, ensuring convenience for both occupants and visitors. Approximately three-quarters of the property is partially fenced, offering a degree of security. High traffic volume in the area ensures excellent visibility and accessibility. This versatile property is ready for your vision and offers significant potential for redevelopment or continued use as a multi-purpose commercial space. The expansive size and prime location make this an exceptional opportunity for a discerning investor or business owner seeking a substantial footprint in a thriving community. The existing rental income from the storage units provides immediate return on investment. Don't miss this chance to acquire a truly remarkable commercial property.

    Property Features for 21507 Queens Point Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    14,852 SF
    Lot Size
    74,923 SF

    Building Details

    Year Built
    1930
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Westernport
    County
    Allegany
    State
    Maryland
    Longitude
    -78.97485
    Latitude
    39.44843

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    FAQs

    What type of property is this?
    Commercial real estate - Spacious 14,852 sq ft building on 1.72 acres
    Where is this commercial real estate located?
    The property is located at 21507 Queens Point Rd Westernport, MD.
    What is the asking price?
    The asking price for this property is $230,000.
    (301) 777-3232
    Request Owner's contact information
    21507 Queens Point Rd Westernport, MD 21562
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    Westernport, MD 21562
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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
    21507 Queens Point Rd Westernport, MD 21562
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