2000 Starlite Plz Oakland, MD 21550
- Retail properties
- 25,748 SF
- 4.60 lot acres
Current Use by Public Records
- Retail properties
Property Details for 2000 Starlite Plz
- Year built
- 2007
- Lot size
- 4.60 lot acres
- Property size
- 25,748 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional 25,748 square foot retail center in Oakland, Maryland, presents a compelling investment opportunity. Located at 2000 Starlite Plaza, this fee-simple property boasts four buildings on a 4.6-acre lot, built in 2007. Currently 100% occupied with a diverse tenant mix including Dollar Tree (10,080 sq ft), Aaron's (7,200 sq ft), Denny's (4,768 sq ft), and a Public Defenders office (3,700 sq ft total), the property generates a strong NOI of $231,835 and a 6.00% cap rate. The asking price is $3,800,000, translating to $147.58 per square foot. The property benefits from multiple lease options and rent bumps, ensuring long-term income stability. Two additional acres offer significant potential for future development, expanding the property's value and cash flow. Its prime location near Deep Creek Lake and Wisp Ski Resort, combined with high daily traffic counts (over 14,000 vehicles), ensures exceptional visibility and consistent customer traffic. This unique property attracts customers from across Maryland, Pennsylvania, Virginia, and West Virginia, making it a truly exceptional investment opportunity. The property consists of five units across four buildings.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oakland
- County
- Garrett
- State
- Maryland
- Longitude
- -79.4003
- Latitude
- 39.4189
