24503 Riv Rd Westernport, MD 21562
This exceptional investment opportunity encompasses three parcels: 24503 River Road, 24505 River Road, and a portion of First Street, totaling 0.72 acres in Westernport, Maryland (zip code 21562). The property boasts a diverse range of structures, including an office unit, a substantial three-bay metal garage, and a gas station building with additional garage space. Many of the storage units are constructed of metal, with several built of wood. A recent survey has been completed for the property. The property's strategic location on a busy highway ensures high visibility and accessibility. Currently, the property generates a gross rent of $9,360 annually. However, the three-bay garage and gas station building are not currently leased, presenting a significant opportunity to increase rental income. The asking price for this multifaceted property is $199,900. This presents a unique chance to acquire a well-situated commercial property with substantial potential for growth and return on investment. The property is classified as Special Purpose Land.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.