4009 Mayhew Inn Rd, Oakland, MD 21550
For Sale
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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.
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
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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.