Property summary
This exceptional mixed-use property in Oakland, Maryland presents a unique investment opportunity. The iconic Riverside Grill, Inn and Suites (formerly Long Branch) boasts multiple income streams derived from both its established restaurant and motel operations. The restaurant has undergone a significant renovation, encompassing the dining area, bar, and kitchen, creating a modern and inviting space for patrons. The motel comprises twelve rooms, several of which have recently been renovated. A significant asset is a one-bedroom, one-bathroom apartment with an attached full garage, offering potential for nightly rentals or long-term occupancy. Adding to the property's appeal is a substantial 2.8+ acre commercial lot, ripe with development possibilities. The property's prime location provides over 700 feet of frontage on the Little Youghiogheny River, creating a truly picturesque riverside setting. The total building size is 9,730 square feet, situated on a 4.62-acre lot. This property is ideally suited for an entrepreneur seeking to establish or expand their restaurant, motel, and other commercial ventures. The asking price for this remarkable property is $1,100,000. This is a rare chance to acquire a well-established and versatile property with significant income potential and substantial development opportunities.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Procedures for maintaining Commercial (C) and Employment Center (EC) District zoning once granted. The procedure for maintaining any change of the zoning classification of land to Commercial (C) and/or Employment Center…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C · Oakland, MDProcedures for maintaining Commercial (C) and Employment Center (EC) District zoning once granted. The procedure for maintaining any change of the zoning classification of land to Commercial (C) and/or Employment Center…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Procedures for maintaining Commercial (C) and Employment Center (EC) District zoning once granted. The procedure for maintaining any change of the zoning classification of land to Commercial (C) and/or Employment Center…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C in Oakland, MD.
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