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    Mixed-use properties

    4009 Mayhew Inn Rd, Oakland, MD 21550

    2,864 SF 169 ac lot Built 2000
    Property ID
    US40-0844750
    Property summary
    AI-generated overview

    This exceptional 169-acre property in Oakland, Maryland, presents a rare development opportunity. Situated on Route 219, it boasts prominent frontage and mixed-use zoning, allowing for a diverse range of projects. The expansive acreage includes approximately 130 acres zoned LR1 and 39 acres zoned CR1, Commercial, and Town Residential. This zoning flexibility opens doors to a wide array of possibilities, including a planned residential development (PRD). Envision a development incorporating water parks, restaurants, residential housing, hotels, and shopping centers – all within a thriving tourist destination. The property's 2,864 square foot existing structure offers additional potential. Garrett County's strategic location, within a 3-4 hour drive of 41 million people and conveniently situated near five major East Coast travel routes, ensures high accessibility and a substantial potential customer base. Deep Creek Lake, a renowned recreational area, attracts over one million visitors annually, providing a built-in market for any development. This is a truly unique opportunity to capitalize on the area's booming tourism and the potential for significant growth. The property's size and zoning make it an unparalleled investment in a desirable location.

    Property profile
    Verified
    Property type Mixed-use properties
    Year built 2000
    Total area 2,864 SF
    Lot 169 ac (7,361,640 SF)
    UPID US40-0844750
    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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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