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17848 Garrett Hwy - The Garrett Inn - Motel and Residence 12 Unit Apartment Building Offered at $1,700,000 Oakland, MD 21550
Investment Highlights
- $320,000 Gross Receipts. 80 % Occupancy
Executive Summary
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.
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.
Property Facts
| Price | $1,700,000 | Building Size | 6,770 SF |
| Price Per Unit | $141,667 | Average Occupancy | 80% |
| Sale Type | Investment | No. Stories | 3 |
| No. Units | 12 | Year Built | 1963 |
| Property Type | Multifamily |
| Price | $1,700,000 |
| Price Per Unit | $141,667 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Building Size | 6,770 SF |
| Average Occupancy | 80% |
| No. Stories | 3 |
| Year Built | 1963 |
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Property Taxes
| Parcel Number | 07-003196 | Improvements Assessment | $386,900 |
| Land Assessment | $145,600 | Total Assessment | $532,500 |
Property Taxes
Parcel Number
07-003196
Land Assessment
$145,600
Improvements Assessment
$386,900
Total Assessment
$532,500
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17848 Garrett Hwy - The Garrett Inn - Motel and Residence
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