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    1501 Maryland Hwy Oakland, MD 21550

    Sponsored
    For Sale
    $400,000

    12-Room Hotel w/ Apartment & High Visibility

    Property size:
    4,608 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    340
    This exceptional investment property, located at 1501 Maryland Highway in Oakland, Maryland, presents a unique opportunity for savvy investors. The property boasts a 4,608 square foot main building featuring twelve guest rooms, with two already renovated and a third currently undergoing renovation. Adding to the income potential is a separate one-bedroom, one-bathroom apartment complete with its own kitchen and garage. This apartment has its own electric meter and can be rented independently from the hotel, offering multiple revenue streams. The hotel benefits from excellent visibility and high traffic counts due to its prime location on Maryland Highway. A paved driveway ensures convenient access, and the property includes an ADA-compliant room on the main level. The front desk maintains a seven-day-a-week schedule, maximizing guest services and potential bookings. The 0.93-acre lot provides ample space. Note that the adjacent Riverside Grill and a separate 2.82-acre commercial lot are also available for sale, either individually or in conjunction with this property, presenting further expansion or investment possibilities. This turnkey operation is ready for a new owner to capitalize on its existing success and further develop its potential.

    Property Features for 1501 Maryland Hwy

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,608 SF
    Lot Size
    40,511 SF

    Building Details

    Year Built
    1998
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Garden Center Furniture Store Senior Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Garrett
    State
    Maryland
    Longitude
    -79.37141
    Latitude
    39.39711

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    FAQs

    What type of property is this?
    Commercial real estate - 12-Room Hotel w/ Apartment & High Visibility
    Where is this commercial real estate located?
    The property is located at 1501 Maryland Hwy Oakland, MD.
    What is the asking price?
    The asking price for this property is $400,000.
    (301) 387-2000
    Request Owner's contact information
    1501 Maryland 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
    1501 Maryland Hwy Oakland, MD 21550
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