401 Dave Turney St, Oakland, MD 21550

$439,000

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List Price
$439,000
Days on Market
83
Status
ACTIVE
MLS#
MDGA2011080
Lot Size (Acres)
0.14
Year Built
1900
County
Garrett
School District
Garrett County Public Schools

Property Description

Located in the heart of Oakland, Maryland, this mixed-use commercial property presents an excellent opportunity for investors or owner-operators seeking both immediate income and future upside. The property consists of a street-level retail/commercial storefront and four residential apartment units. Currently, three of the four apartments are occupied, providing immediate rental income, while the commercial storefront is vacant and ready for a new tenant or owner-user. The vacant retail space offers significant value-add potential, allowing a buyer to establish their own business, lease the space to a commercial tenant, or reposition the property to maximize cash flow. With residential income already in place, the property provides a strong foundation while offering additional upside through lease-up of the commercial space and the remaining apartment. Property Highlights: * Mixed-use investment property * Street-level commercial storefront * Four residential apartments * Three apartments currently occupied * One apartment available for lease or occupancy * Commercial space currently vacant * Immediate rental income with additional upside potential * Located in Oakland, Maryland near local businesses, schools, and services * Opportunity for owner-user or investor Whether you’re looking to expand your investment portfolio, establish a business location with supplemental rental income, or capitalize on a value-add opportunity, this property offers flexibility, income, and long-term potential in Garrett County. Schedule your private tour today and explore the possibilities this unique mixed-use property has to offer.

Additional Information

Taxes
$4948
School District
Garrett County Public Schools
Heating
Other
Heating Fuel
Natural Gas Available
Cooling
None
Utilities
Cable TV Available
Water
Public
Sewer
Public Sewer

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Calculator source: Real Geeks

Listing courtesy of Jason Mitchell Group. Contact: 4105335486