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    4009 Mayhew Inn Rd Oakland, MD 21550

    For Sale
    $6,000,000

    169 Acres, Prime Location, Huge Potential

    Property size:
    2,864 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional 169-acre property in Oakland, Maryland, presents a rare development opportunity. Situated on Route 219, it boasts prominent frontage and mixed-use zoning, allowing for a diverse range of projects. The expansive acreage includes approximately 130 acres zoned LR1 and 39 acres zoned CR1, Commercial, and Town Residential. This zoning flexibility opens doors to a wide array of possibilities, including a planned residential development (PRD). Envision a development incorporating water parks, restaurants, residential housing, hotels, and shopping centers – all within a thriving tourist destination. The property's 2,864 square foot existing structure offers additional potential. Garrett County's strategic location, within a 3-4 hour drive of 41 million people and conveniently situated near five major East Coast travel routes, ensures high accessibility and a substantial potential customer base. Deep Creek Lake, a renowned recreational area, attracts over one million visitors annually, providing a built-in market for any development. This is a truly unique opportunity to capitalize on the area's booming tourism and the potential for significant growth. The property's size and zoning make it an unparalleled investment in a desirable location.

    Property Features for 4009 Mayhew Inn Rd

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,864 SF
    Lot Size
    7,361,640 SF

    Building Details

    Year Built
    2000
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Realty agency Building Supply Hotel & Motel Kitchen & Bath Storage Facility Bar & Pub Discount Store Computer & Electronic Repair Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Garrett
    State
    Maryland
    Longitude
    -79.34857
    Latitude
    39.4969

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    FAQs

    What type of property is this?
    Mixed-use property - 169 Acres, Prime Location, Huge Potential
    Where is this mixed-use property located?
    The property is located at 4009 Mayhew Inn Rd Oakland, MD.
    What is the asking price?
    The asking price for this property is $6,000,000.
    (410) 533-5486
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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
    4009 Mayhew Inn Rd Oakland, MD 21550
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