Mixed-Use Opportunity: Rented Storage Units + Large Main Building

For Sale

20829 Water Station Run Rd SW, Lonaconing, MD 21539

This Lonaconing property for sale is located at 20829 Water Station Run Rd SW. The current listed sale price for Mixed-Use Opportunity: Rented Storage Units + Large Main Building is $555,000. Mixed-Use Opportunity: Rented Storage Units + Large Main Building is situated on a lot that is 2.42 acre in size.

Contacts

Nadine Beechie

Coldwell Banker Premier

Property Details

  • Property Type Other
  • Property Size 6,094 SF
  • Lot Size 2.42 Acre
  • Parking Spaces Avail. 30
  • Year Built 2016
  • Date Updated May 15, 2026
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.
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Highlights

  • Age 610 Years Old
  • General Laundry Facilities
  • Lot Description Pond on Lot
  • Lot Description Stream on Lot
  • Lot Size 25 Acres
  • Sewer Public
  • Water Municipal Water

Getting around

  • 4/100

    Walk Score ®

  • 1/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Lonaconing, MD
  • Zip Code 21539

Points of Interest

  • WMSR- Frostburg

    6.58 miles

  • Gulf

    1.88 miles

  • Sheetz

    6.37 miles

  • Frostburg Valero

    6.39 miles

  • Circle K

    6.40 miles

  • Kwik & EZ

    7.79 miles

  • Tesla Supercharger

    7.98 miles

  • Sunoco

    8.78 miles

  • BP

    8.98 miles

  • Frostburg Park & Ride

    5.07 miles

  • Sherwood Bowling Lanes Parking

    5.26 miles

  • Luke Mill Training Center Lot

    7.47 miles

  • Luke Mill Contractor Lot

    7.69 miles

  • Luke Mill Exxon Lot

    7.83 miles

  • Luke Mill Administration Lot

    8.01 miles

  • Luke Mill Visitor Lot

    8.05 miles

  • Luke Mill Salary Lot

    8.10 miles

  • Luke Mill Vinyard Lot

    8.15 miles

  • Diplomat Motel

    5.82 miles

  • Hampton

    5.91 miles

  • Quality Inn & Suites

    5.97 miles

  • Apartments

    6.20 miles

  • Frostburg Inn

    6.43 miles

  • Hotel Gunter

    6.52 miles

  • Trail Inn Lodging & Campground

    6.57 miles

  • Clarysville Motel

    6.64 miles

  • Savage River Lodge

    6.68 miles

  • Charlies Motel & Hurryback Tavern

    6.92 miles

  • Big Lots

    6.20 miles

  • Save-A-Lot

    6.30 miles

  • Weis

    6.52 miles

  • ALDI

    7.85 miles

  • Walmart Supercenter

    8.03 miles

  • Martin's

    8.03 miles

  • Kohl's

    8.05 miles

  • Country Club Mall

    8.11 miles

  • TJ Maxx

    8.16 miles

Contact Listing Broker
Nadine Beechie

Coldwell Banker Premier

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