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    10587 Mt Savage Rd Corriganville, MD 21524

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    For Sale
    $625,000

    Commercial property with rental income potential near Motor City.

    Lot size:
    0.57 Acres

    Property Features for 10587 Mt Savage Rd

    General Information

    Lot size
    0.57 Acres

    Building Details

    Year built
    1994

    Source: The Goodfellow Agency Agent Stephanie Maddy

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

    Overview

    Versatile Commercial Property with Income

    This commercial property, currently operating as a used car dealership and inspection station, includes three rental units, offering multiple income streams. Two of the rental units are currently vacant, while one is occupied. The property features a two-bay garage complete with an auto lift, a dedicated storage area, and a main floor office. Situated along a high-traffic road near Motor City, this property offers visibility and access. This property is suitable for automotive operations or other business ventures.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Map

    City
    Corriganville
    County
    Allegany
    State
    Maryland
    Longitude
    -78.7932
    Latitude
    39.6929

    FAQs

    What type of property is this?
    Automotive property - Commercial property with rental income potential near Motor City.
    Where is this automotive property located?
    The property is located at 10587 Mt Savage Rd Corriganville, MD.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: - High-traffic location near Motor City provides outstanding visibility and access.; - Versatile commercial property suitable for various business ventures.; - Includes a two-bay garage with an auto lift.
    (301) 697-3009
    Request Owner's contact information
    10587 Mt Savage Rd Corriganville, MD 21524
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    10587 Mt Savage Rd
    Corriganville, MD 21524
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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
    10587 Mt Savage Rd Corriganville, MD 21524
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