24503 Riv RdWesternport, MD 21562

For Sale
$199,900

Prime MD location, high-rent potential.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity encompasses three parcels: 24503 River Road, 24505 River Road, and a portion of First Street, totaling 0.72 acres in Westernport, Maryland (zip code 21562). The property boasts a diverse range of structures, including an office unit, a substantial three-bay metal garage, and a gas station building with additional garage space. Many of the storage units are constructed of metal, with several built of wood. A recent survey has been completed for the property. The property's strategic location on a busy highway ensures high visibility and accessibility. Currently, the property generates a gross rent of $9,360 annually. However, the three-bay garage and gas station building are not currently leased, presenting a significant opportunity to increase rental income. The asking price for this multifaceted property is $199,900. This presents a unique chance to acquire a well-situated commercial property with substantial potential for growth and return on investment. The property is classified as Special Purpose Land.

Highlights

  • 0.72-acre commercial property in Westernport, MD (21562) comprising three parcels: 24503 & 24505 River Road, and a portion of First Street.
  • Property includes an office unit, a three-bay metal garage, and a gas station building with additional garage space; various metal and wood storage units.
  • High-visibility location on a busy highway.
  • Currently generates $9,360 annual gross rent, with significant upside potential from vacant three-bay garage and gas station building.
  • Asking price: $199,900. Recently surveyed.
  • Classified as Special Purpose Land.

Property Details for 24503 Riv Rd

Property type
Other specialty properties, Other land
Lot Size (sq. ft)
31,363 SF

Location Insight

City
Westernport
County
Allegany
State
Maryland
Latitude
39.4823476
Longitude
-79.041261
24503 Riv Rd, Westernport, Maryland

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24503 Riv Rd
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