20960 MARYLAND HWY Under Contract

Bloomington,MD 21523

$ 389900

- Bed

- Bath

8352 SqFt


Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Under Contract

Purchase Type For Sale

Square Footage 8,352 sqft

Price per Sqft $46

MLS Listing ID MDGA2006422

Originating Board BRIGHT

Year Built 1965

Annual Tax Amount $3,659

Tax Year 2024

Lot Size 1.250 Acres

Acres 1.25

Property Description

Exceptional Investment Opportunity! Explore this robust, all-brick currently vacant apartment complex located in the peaceful Sheppards Park Subdivision, nestled in the Bloomington area of Garrett County, Maryland, just west of the Allegany County border. This notable property encompasses a single tax parcel and boasts an apartment complex originally constructed in 1965. It features 13 units, including 11 two-bedroom, one-bath apartments, and two efficiency apartments, offering a diverse range of living options. Additionally, the complex provides ample private parking for tenants and visitors. Occupying a substantial 1.25 acres of land, this property represents a significant investment in a sought-after location.

Strategically positioned just a 25-minute drive from the scenic Deep Creek Lake area, the property benefits from the driving economic force of the McHenry-Deep Creek Lake area, which experiences all four seasons. The nearby Wisp Ski Resort serves as a major employer during the winter months, while the lake itself offers a plethora of summertime recreational activities. Route 219, a crucial north/south route, provides easy access to Interstate-68 to the north, a major east/west transportation artery. The property is conveniently located two hours east of the Baltimore/Washington area, one hour west of Morgantown, West Virginia, and two hours north of Pittsburgh, Pennsylvania, making it an attractive option for those seeking both recreational activities and natural beauty, as well as easy access to major urban centers.

Location

State MD

County Garrett

Zoning R003

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling None

Heat Source Electric

Exterior

Garage Spaces 14.0

Waterfront N

Water Access N

Accessibility None

Parking Type Parking Lot

Total Parking Spaces 14

Garage N

Building

Sewer Private Sewer

Water Public

New Construction N

Schools

School District Garrett County Public Schools

Others

Tax ID 1204001478

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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