Skip To Content

1527 Maryland Highway

OAKLAND, MD 21550
  • $1,500,000
  • STATUS: Active
  • ON SITE: 353 Days
  • ID#: MDGA2003214
UPDATED: 44 min ago
$1,500,000
  • 0
    BEDS
  • 4.62
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Business Opportunity
Built:
1993
County:

School Ratings & Info

Description

Established Operating Restaurant & Bar with Fire Marshall approved occupancy of 299, combined with a 2- story (12) room Motel & attached apartment on 4.62 Acres with plenty of room for expansion. Double State Highway entrance access points are a real plus for current usage and future expansion. All land is Zoned Commercial and has access to additional Water and Sewer Taps. Current owner retiring and has kept this property in excellent condition. Additional uses to compliment the current operations could be a on site Brewery, additional Motel Space, Separate Commercial Building for Retail or Other Commercially approved uses in the Mountain Lake Zoning. Selling turn key with all Motel furnishings, Restaurant equipment and furniture allowing the new owners to take over same day as closing. Shown by appointment.

Monthly Payment Calculator



©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Pearson Smith Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-06-06T13:53:41.363.
dmv.psrhomesearch.com/homes/129982367
Print Image

1527 Maryland Highway OAKLAND, MD 21550

  • Price: $1,500,000
  • Status: Active
  • On Site: 353 Days
  • Updated: 44 min ago
  • ID#: MDGA2003214
0
Beds
0
Baths
0
½ Baths
4.62
Acres
1993
Built
County:
Garrett
School District:
Garrett County Public Schools
Property Description
Established Operating Restaurant & Bar with Fire Marshall approved occupancy of 299, combined with a 2- story (12) room Motel & attached apartment on 4.62 Acres with plenty of room for expansion. Double State Highway entrance access points are a real plus for current usage and future expansion. All land is Zoned Commercial and has access to additional Water and Sewer Taps. Current owner retiring and has kept this property in excellent condition. Additional uses to compliment the current operations could be a on site Brewery, additional Motel Space, Separate Commercial Building for Retail or Other Commercially approved uses in the Mountain Lake Zoning. Selling turn key with all Motel furnishings, Restaurant equipment and furniture allowing the new owners to take over same day as closing. Shown by appointment.
Exterior Features

Construction Materials Wood SidingCedarStick Built Garage YN No Location Type Business District Lot Features Additional Lot(S)ClearedFront YardRoad Frontage Parking Features Private Parking Types Parking Lot Property Condition Excellent Riparian Rights YN No Roof Metal Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 9730.00 Building Features Ceiling FansClear SpanKitchenOfficePublic Restrooms Cooling Central A/C Flooring HardwoodOther Heating Forced Air Heating YN Yes Inclusions All Furnishings in Motel Rooms. All EquipmentTablesChairsKitchen Supplies. Food & Liquor Inventory To Be Calculated Separately Security Features Desk in LobbyFire Detection SystemSmoke DetectorSprinkler System - Indoor

Property Features

Accessibility Features Ramp - Main Level Assessment Year 2023 Association YN No Business Type Hotel/MotelRestaurant/Bar Central Air YN Yes Cooling Fuel Electric Current Use Hotel/MotelRestaurantBar Heating Fuel Propane - Owned Hot Water Electric Lease Considered YN No Municipality Mt Lake Park Navigable Water YN N New Construction YN No Original MLSNumber 801663583696 Ownership Interest Other Possession Coin W/Sell Sett Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 3934.00 Tax Assessment Amount 277133.00 Vacation Rental YN No Water Source Public Zoning C

Listing courtesy of Railey Realty, Inc.: .


©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Pearson Smith Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-06-06T13:53:41.363.
 
https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_801663583696-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_801663583696-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_801663583696-2.jpg
Logo
Pearson Smith Realty
46161 Westlake Drive, Suite 340
Sterling VA, 20165