20829 Water Station Run Rd Sw, Lonaconing, MD 21539

$555,000

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List Price
$555,000
Days on Market
1
Status
ACTIVE
MLS#
MDAL2015470
Lot Size (Acres)
2.42
Year Built
2016
County
Allegany
School District
Allegany County Public Schools

Property Description

Perfect for Investors or Owner-Operators! Unique mixed use investment property is situated on 2.415 acres with room for business expansion. This rare investment opportunity offers immediate and long-term upside with 23 fully leased storage units generating approximately $1500-$1800 per month in gross income, plus a 1,758 SF commercial building with significant adaptive reuse potential. The upper lot has its own unused sewer tap. The main building was formerly the successful B-Rad's Pizza, where reported gross sales reached $35K to $48K per month. The main building retains a commercial kitchen (minus the pizza over), POS system, chairs, tables, some supplies, commercial grade doors, shatterproof windows, and ample parking. Currently the main building is a church. Located near Dan's Mountain State Park, the community pool, fishing pond, camping, pavilions, and surrounding recreation areas, this high-visibility property benefits from both local loyalty and tourism traffic. Don't miss your chance to own a business and generate income from loyal followers with steady dine-in, carry-out, and delivery serving Lonaconing, Barton, Midland, and Frostburg! This is a rare opportunity in a high visibility, community-centered location. Call me to make an appointment today!

Additional Information

Area
NE Allegany - Allegany County (MDAL10)
Taxes
$2466
School District
Allegany County Public Schools
Elementary School
George's Creek
Middle School
Westmar
High School
Mountain Ridge
View
Creek/Stream, Street, Trees/Woods
Heating
Heat Pump(s), Programmable Thermostat, Zoned
Heating Fuel
Electric
Cooling
Central A/C
Roof
Metal
Utilities
Electric Available, Cable TV Available, Phone Available, Sewer Available
Water
Public
Sewer
Public Sewer

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Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Coldwell Banker Premier. Contact: (301) 777-3380