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    Hl Rd Lonaconing, MD 21539

    Sponsored
    For Sale
    $690,000

    Agricultural land, mineral rights included, near DC & Pittsburgh.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 362-acre property in Allegany County, Maryland, presents a unique investment opportunity. Located on Hill Rd in Lonaconing, MD, zip code 21539 (latitude 39.5677643, longitude -78.9799805), this expansive land parcel is zoned for agricultural use. The asking price is $690,000. A significant advantage is the inclusion of mineral rights, adding considerable potential value. Situated in the heart of mountainous Maryland, the property offers a tranquil setting, yet remains conveniently located within a 2-3 hour drive of both Washington, D.C., and Pittsburgh, Pennsylvania. The vast acreage provides endless possibilities for various commercial ventures, allowing for creative development and strategic planning. Given its size and location, this property is ideal for those seeking a substantial land holding with significant potential for future growth and development within a scenic and accessible location. The property's agricultural zoning provides a solid foundation for a range of potential uses. Serious inquiries are encouraged.

    Property Features for 0 Hl Rd

    General Information

    Property type
    Land
    Lot Size
    15,768,720 SF

    HighLights

    • 362‑acre land parcel in Allegany County, MD.
    • Located on Hill Rd, Lonaconing, MD, 21539.
    • Zoned for agricultural use.
    • Asking price: $690,000.
    • Includes mineral rights.
    • 2‑3 hour drive from Washington, D.C. and Pittsburgh, PA.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lonaconing
    County
    Allegany
    State
    Maryland
    Longitude
    -78.9799805
    Latitude
    39.5677643

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    FAQs

    What type of property is this?
    Land - Agricultural land, mineral rights included, near DC & Pittsburgh.
    Where is this land located?
    The property is located at Hl Rd Lonaconing, MD.
    What is the asking price?
    The asking price for this property is $690,000.
    What are key features of this property?
    This property features: 362-acre land parcel in Allegany County, MD.; Located on Hill Rd, Lonaconing, MD, 21539.; Zoned for agricultural use.
    Request Owner's contact information
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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
    Hl Rd Lonaconing, MD 21539
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