24505 Riv Rd Westernport, MD 21562
This exceptional investment opportunity in Westernport, Maryland, presents a unique blend of commercial and potential rental income. Located at 24505 N. River Rd., Allegany County, zip code 21562, this property is priced at $249,000. The site encompasses a former two-bay garage and gas station, strategically positioned in a high-traffic location. The property includes a substantial 3,800 square foot office unit, fully heated by electric. Adding to its versatility, a three-bay garage (26' x 56') is also heated, providing ample space for various uses. A significant number of storage units are available, primarily constructed of metal with a few wood structures. The former gas station and detached garage present excellent potential for generating rental income. This property offers a rare chance to acquire a well-situated commercial space with significant expansion possibilities. The property's location at 39.4926042 latitude and -79.0306032 longitude provides easy access and high visibility. This is a turnkey opportunity for an investor seeking a strong return on investment in a thriving area. Serious inquiries are encouraged to explore this promising venture.
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.