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OFF-MARKET
Specialty properties

24505 Riv Rd Westernport, MD 21562

Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Specialty properties
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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