By: Mike Kennedy mkennedy@railey.com 301-616-6106 January 6th, 2009 Category: Garrett County News, News

Coming soon to Oakland, Maryland is a brand new Walgreens drug store scheduled to open in the summer of 2009. For those of you that don’t know Oakland is the county seat of Garrett County Maryland and is located about 9 miles south of Deep Creek Lake.  Even though it is not yet built, this Walgreens is currently for sale to potential investors who may be looking for cash flow or to complete a 1031 tax deferred exchange. Here is the most recent information packet we have. Please contact us if you are interested in this investment opportunity or any others in the Garrett County or Deep Creek Lake areas.

Walgreens Oakland (PDF)

The developer who is building this particular Walgreens had purchased 3 parcels of real estate last year which basically comprised an entire block of land near downtown Oakland.  As a result, 2 businesses and one apartment building were recently razed to make way for the new drug store that will go head to head with CVS - which is located directly across Garrett Highway. The two businesses that are now gone are the Oaklee Dairy and Laundromat - which were both long time fixtures as you approached Oakland from Deep Creek. The Oaklee Dairy was more commonly referred to as “the custard stand” by most locals.

It’s hard to imagine that a small town such as Oakland and Mountain Lake Park already has a Wal-Mart, Lowes, and CVS - and now has a Walgreens on the way that will employ 25 to 30 people.

In other Garrett County commercial real estate news are rumors that both Wendy’s and Outback Steak House are exploring the outparcels in front of the new Lowes as possible sites along of Rt. 219. However, both rumors are unsubstantiated at this point.

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