24503 Riv RdWesternport, MD 21562

For Sale
$199,900

High-traffic location, strong rental income.

Overview

Added:
Feb 3
Days on market:
39
This exceptional investment opportunity in Westernport, MD, encompasses three properties: 24503 River Road, 24505 River Road, and a parcel on First Street, totaling 3,801 square feet on a 0.18-acre lot. The property's prime location on a busy highway ensures high visibility and accessibility. The complex includes a versatile office unit, a substantial three-bay metal garage, and a former gas station building with additional garage space. This presents a unique blend of commercial and potential residential uses. A recent survey has been completed for the property. The existing storage units are a mix of metal and wood construction. Currently, the property generates a gross annual rental income of $9,360. Note that the three-bay garage and the former gas station building are not currently rented, offering significant upside potential for increased revenue through lease agreements. This presents a rare chance to acquire a well-situated multi-family property with substantial additional space ideal for various commercial ventures. The property's diverse offerings and strategic location make it an attractive investment prospect with considerable growth potential. Serious inquiries are encouraged.

Property Details for 24503 Riv Rd

Property type
Residential income properties, Multifamily properties
Square Feet
3,801 SF
Year Built
2000
Lot Size (sq. ft)
7,841 SF

Location Insight

City
Westernport
County
Allegany
State
Maryland
Latitude
39.481
Longitude
-79.04015
24503 Riv Rd, Westernport, Maryland

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24503 Riv Rd
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