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    38 Main St East New Market, MD 21631

    Sponsored
    For Sale
    $199,000

    Commercial Sale - EAST NEW MARKET, MD

    Type:Retail
    Lot size:
    0.54 Acres
    Days on Market:
    47
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 38 Main St

    General Information

    Special listing conditions
    In Foreclosure
    Property type
    Other
    Property subtype
    Retail
    TransactionType
    In Foreclosure
    Standard status
    Active
    Parking
    25
    Parking features
    Parking Lot
    Lot size
    0.54 Acres

    Building Details

    Year built
    1910
    Number of units
    1
    Building materials
    Block, Vinyl Siding

    Sharon Real Estate P.C. (410) 228-2525 [email protected]

    Listing agent Sharon Spedden (410) 228-2525 License #20985

    Listing date Nov 20, 2025

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Space in East New Market

    Located in the heart of East New Market, this commercial space, formerly Mike's Tavern, offers over 2000 square feet of space on 0.54 acres. The property has been recently updated and upgraded, featuring vinyl plank flooring in some areas, vinyl siding, new electric service, a new hot water heater, and updated bathroom(s). The flexible floor plan has potential for office space, a restaurant/bar, or conversion to other specifications. Ample off-street parking is available. Situated near the intersection of Route 16 and Route 14, the property is across from Johnny's Tavern and near the Hometown Pride store, providing excellent visibility and traffic flow. Potential uses include bars, restaurants, retail properties, storefront properties and individual retail properties. The purchaser is responsible for verifying that their intended use is acceptable with town zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Hair Salon Nail Salon Food Market Bar & Pub Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Johnny's Tavern

    Location Insight

    • Map
    • Local Demand
    City
    East New Market
    County
    Dorchester
    State
    Maryland
    Longitude
    -75.92585477
    Latitude
    38.59854107

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    FAQs

    What type of property is this?
    Bar - Updated commercial space with flexible floor plan in East New Market.
    Where is this bar located?
    The property is located at 38 Main St East New Market, MD.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: - Priced below recent appraised value of $243,000.; - Over 2000 SF of flexible space on .54 acres, suitable for various uses.; - Excellent visibility and traffic flow near the intersection of Route 16 & Route 14.
    (410) 215-2774
    Request Owner's contact information
    38 Main St East New Market, MD 21631
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    38 Main St
    East New Market, MD 21631
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    38 Main St East New Market, MD 21631
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