Mixed-Use Opportunity: Rented Storage Units + Large Main Building
$555,000
20829 Water Station Run Road, Lonaconing, MD 21539
6,094 sqft
Building Size
2.415 acres
Lot Area
Details:
Highlights:
- 23 Fully Leased Storage Units with Existing Income
- 1,758 SF Main Building with Flexible Commercial Potential
- Former Successful Restaurant with Proven Revenue History
- Additional Land for Expansion or Future Development
- Ample Parking + Strong Traffic Near Recreation Destinations
Description:
Unique mixed-use investment opportunity in Allegany County! Zoned commercial/industrial, this versatile property offers multiple income streams and exceptional upside for investors or owner-operators. The property includes 23 fully leased storage units (19 on the lower lot and 4 on the upper lot), generating estimated gross income of $1,500–$1,800 per month, along with a spacious main building currently used as a church facility. The large 2.415 acre lot offers room for further development, creating potential to expand storage, add complementary uses, increase parking capacity, etc.
Formerly home to the well-known and successful B-Rad’s Pizza, the 1758 sf main building retains a commercial kitchen setup (minus the pizza oven which was sold when the main building began being used as a church), plus tables, chairs, and select equipment, creating excellent potential for restaurant, retail, event, or community-use conversion. During its operation, the restaurant reportedly generated estimated gross income of $35,000–$48,000 per month, underscoring its proven commercial viability.
Positioned near Dan’s Mountain State Park and just minutes from the community pool, fishing pond, camping, pavilions, and recreation areas, the property benefits from strong local and tourism traffic. The former restaurant enjoyed a loyal following with steady dine-in and delivery business serving Lonaconing, Barton, Midland, and Frostburg. With ample on-site parking for 20+ vehicles, existing income, expansion potential, and proven business history, this is a rare opportunity in a high-visibility, community-centered location.