17848 Garrett Hwy - Apartments FOR SALE


Oakland, MD 21550
$1,700,000 USD
800-544-2425
17848 Garrett Hwy, Oakland, MD for Sale
$1,700,000 USD
Apartments - FOR SALE
1/95
null | Request Cap Rate

17848 Garrett Hwy
Oakland, MD 21550


HIGHLIGHTS

  • $320,000 Gross Receipts. 80 % Occupancy

OVERVIEW

Prime Commercial Opportunity – The Garrett Inn 5.76 Commercial Acres Near Deep Creek Lake! Exceptional commercial investment opportunity featuring The Garrett Inn, a well-established and immaculately maintained 10 Room motel property just minutes from Deep Creek Lake’s year-round recreation. The property includes a beautifully kept 3-bedroom, 1.5-bath owner’s residence (could also be rented out if the new buyer's do not need to live on property) and attached motel office, offering a spacious kitchen, dining area, and lower-level family room. The residence connects directly to 10 spacious motel guest rooms. Each tastefully decorated and fully equipped with large TVs, mini-refrigerators, coffee makers, and full-size bathrooms. The motel enjoys over 80% occupancy, reflecting its strong reputation and consistent demand. Guests benefit from a centrally located ice and refreshment room, while the property also features a separate 2-bedroom 1-bathroom rental cottage for additional income. Situated on 5.76 acres, the property offers approximately 4 acres of undeveloped land behind the motel, creating outstanding commercial expansion potential—ideal for short-term rental cabins, additional motel units, storage units or potential lot development (subject to local zoning approvals). Additional features include two detached garage/storage buildings and a highly convenient location with restaurants and shopping directly across the street. A rare opportunity to own an established hospitality property with strong income, expansion potential, and prime access to Deep Creek Lake attractions.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$251 USD /SF

# OF UNITS

12

PRICE/UNIT

$141,667

CAP RATE

Request Cap Rate

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Garrett Inn - Motel and Residence

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1963

PARKING SPACES

19

LAND DETAILS

LAND ACRES

5.2 AC

LAND SF

226,512 SF

ZONING

-

APN/PARCEL ID

07-003196

ASK ABOUT THIS PROPERTY

Rich OrrRailey RealtyMore Info
800-544-2425

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Rich OrrRailey RealtyMore Info
800-544-2425

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.