111 Third Street
Oakland, MD 21550
MLS #GA10156996

    Est. P&I payment: $954.45/mo
    Description for 111 Third Street, Oakland, MD 21550
    Remodeled Commercial building located in County seat - "Oakland". Prime in-town location fronting on Rt. 219/3rd st.. Present use - 2 totally separate rental spaces. 1 vacant. 1 leased as restaurant. Vacant space modern 2009 remodeled. Attached enclosed car wash bay included. Building and mechanics have been updated and improved. .47 acre provides room for expansion. Lg. paved parking lot.
    MLS #GA10156996
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    My Notes for MLS #GA10156996

    General Features

    • Property Type: Commercial
    • Comm Industrial Type: Office Building,​Office,​Restaurant,​Retail,​Salon,​Other
    • Comm Industrial Misc: Display Window,​Bath,​Overhead Doors,​Private Office,​Reception Area,​Signage Allowed,​Wash Rack
    • Zoning Code: C

    Exterior Features

    • Exterior: Brick and Siding
    • Roof: Rubber
    • Stories: 1
    • Lot Area Acre: 0.469995
    • Lot Size Area: 20,473
    • Water Front: N
    • Parking Included In List Price: Y
    • Parking: Faces Front,​On-site Prk/Sale

    Interior Features

    • Gross SQFT: 2,800
    • Leasable SQFT: 2,800
    • Net SQFT: 2,800
    • Max Space Available: 2,800
    • Floor: Concrete,​Partially Carpeted,​Vinyl
    • Walls Ceilings: 9'+ Ceilings,​Dry Wall,​Other
    • Entry Level: 1st Floor

    Utilities Features

    • Cooling Fuel: Electric
    • Cooling: Central Air Conditioning
    • Electric Service: 120/240V
    • Heating Fuel: Natural Gas
    • Heating: Forced Air
    • Hot Water: Electric
    • Metering: Fully Separate,​Gas is Separate
    • Sewer Septic: Public Sewer
    • Water: Public

    Financial Features

    • Total Taxes: 2,543.58
    • Total Taxes Payment Freq: Annually
    • City Town Tax: 762.75
    • City Town Tax Payment Freq: Annually
    • County Tax: 1,780.83
    • County Tax Payment Freq: Annually
    • Tax Year: 2017
    • Improvement Assessment Amount: 110,500
    • Improvement Assessment Payment Freq: Annually
    • Land Assessment Amount: 51,100
    • Land Assessment Payment Freq: Annually
    • Total Assessment: 161,600
    • Total Assessment Payment Freq: Annually
    • Assessment Year: 2017
    • Special Tax Assessment Payment Freq: Annually
    • Rent Income: 9,600
    • Monthly Gross Rent: 800
    • Additional Income Sources: Professional Offices
    • Seller Desires: Sale of Owner's Interest
    • Rental Year: 2017
    • Rent Special Terms: 2 - separate business spaces. Current occupied space leased monthly @ $800. Has been no rent increase since inception of lease several years back. Vacant space is modern and nicely remodeled. Vacant space last used 1+ years ago by Enterprise Rent-A-Car,​ who performed nice office remodel and installation of car wash bay.

    Community Features

    Misc Features

    • Property Condition: Renov/Remod,​Shows Well
    • TV Cable Comm: 220 Line,​Cable-Prewired
    • Year Built: 1980
    • Occupied: Yes
    • Vacancy Factor: 50
    • Tenancy: Month-to-Month Lease(s)
    • Auction: N
    • Foreclosure: N
    • Potential Short Sale: No
    • Tenant Rights: Tenant - Notified
    • Present Use: Office,​Restaurant
    • Master Plan Zoning: GC


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    The listing information for 111 Third Street, Oakland, MD 21550 was graciously provided by our friends at the listing brokerage, 1 Real Estate Source LLC

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    P&I Payment $954.45
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    Last Updated 04/25/2018 at 7:46pm
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