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$250,000 Just Listed

  • For Sale
  • Active
  • Commercial Investment
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Commercially zoned 0.57 acre level building lot in downtown Oakland, MD. Conveniently located off E Oak St and Town Park Lane with easy access to local shops, restaurants, and businesses along S Second St and E Alder St. Public utilities available on-site. Great opportunity for commercial development in a central location! Call today for more information!

Full Property Details for 116 E Oak St

General

  • Price: $250,000
  • Taxes: $821 (2025)
  • Status: Active
  • Type: Commercial Investment
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDGA2011988
  • Updated: 5/30/2026
  • Added to Site: 5 day(s) ago

Business

  • Business Type: Other

Parking

  • Parking Type: On Street, Parking Lot

Location

  • Municipality: Oakland
  • County: GARRETT
  • Subdivision: OAKLAND
  • Driving Directions: In GPS - 116 E Oak St, Oakland, MD 21550
  • Location Details: Downtown
  • City Limits: Yes

Heating & Cooling

  • Cooling Type: None
  • Heating Type: None
  • Heating Fuel: Natural Gas Available
  • Water Heater: None

Utilities

  • Sewer: Public Hook/Up Avail
  • Water: Public Hook-up Available

Structural Information

  • Construction: Other
  • Year Built: 1942
  • Year Built Source: Estimated

Unit Information

  • # Tenants: Multiple

Lot Features

  • Lot Size (Acres): 0.57
  • Lot Size (Sq. Ft.): 24,829
  • Lot Size Source: Assessor
  • Zoning: C
  • Lot Description: Level

Financial Considerations

  • Assessment Year: 2026
  • City/TownTax: $241
  • City/TownTax Freq: Annually
  • County Tax: $580
  • County Tax Freq: Annually
  • Tax w/Assessment: $51,200
  • Tax Amount: $821
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple

Listed by Railey Realty, Inc., Nick Fratz-Orr

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Listing agent

— 116 E Oak St —

  • Nick Fratz-Orr

    Railey Realty, Inc.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 116 E Oak St

School District:Garrett County Public Schools
NameGradesDistance
Broad Ford Elementary School
607 Harvey Winters Drive, Oakland, MD 21550
PK-51.6 mi
Southern Middle School, Oakland, MD
605 Harvey Winters Drive, Oakland, MD 21550
6-81.6 mi
Southern Garrett High School
345 Oakland Drive, Oakland, MD 21550
9-121.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 116 E Oak St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/30/2026
Listed
$250,000
25%
MLS
8/30/2005
Sold
$200,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 116 E Oak St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$821
-2%
$51,200
—
2024
$840
—
$51,200
—
2023
$840
—
$51,200
—
2022
$840
—
$51,200
—
2020
$840
4%
$51,200
—
2017
$806
—
$51,200
—
2019
$806
—
$51,200
—
2018
$806
—
$51,200
—
2017
$802
—
$51,200
—
2016
$802
—
$51,200
—
2015
$806
—
$51,200
—
2014
$806
—
$51,200
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 116 E Oak St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Railey Realty, Inc., Nick Fratz-Orr

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116 E Oak Street, Oakland, MD 21550 (MLS# MDGA2011988) is a Commercial Investment property. 116 E Oak Street is currently listed for $250,000 and was received on May 30, 2026. Want to learn more about 116 E Oak Street? Do you have questions about finding other Commercial Investment real estate for sale in Oakland? You can browse all Oakland real estate or contact a Coldwell Banker agent to request more information.

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