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    4009 Mayhew Inn Rd Oakland, MD 21550

    For Sale
    $6,000,000

    169 acres of mixed-use development land in Deep Creek Lake.

    Lot size:
    169.00 Acres

    Property Features for 4009 Mayhew Inn Rd

    General Information

    Lot size
    169.00 Acres

    Building Details

    Year built
    2000

    Source: Jason Mitchell Group Agent Michael Cumerlato

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    169 Acres Mixed-Use Development Land

    This 169-acre property is located in Deep Creek Lake and Garrett County, Maryland. It features frontage on Route 219 and is zoned for mixed-use development. Approximately 130 acres are zoned LR1, and 39 acres are zoned CR1, Commercial, and Town Residential, making it suitable for a Planned Residential Development (PRD). Potential uses include a waterpark, restaurants, residential housing, a hotel, and shopping. Garrett County, Maryland, is located within 250 miles, or a 3-4 hour drive, from 41 million people and offers numerous amenities. The Deep Creek Lake area attracts over 1 million visitors annually and is centrally located between 5 major East Coast travel routes.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    -79.3485657
    Latitude
    39.496916

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    FAQs

    What type of property is this?
    Commercial land - 169 acres of mixed-use development land in Deep Creek Lake.
    Where is this commercial land 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.
    What are key features of this property?
    This property features: - 169 acres in Deep Creek Lake area with Route 219 frontage.; - Zoned for mixed-use development (LR1, CR1, Commercial, and Town Residential).; - Potential for diverse development including waterpark, restaurants, residential housing, hotel, and shopping.
    (240) 321-3909
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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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