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    326 Central Ave Laurel, DE 19956

    For Sale
    Contact for pricing

    Prime Laurel location, large space, high potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional, freestanding commercial property at 326 N Central Avenue in Laurel, Delaware presents a unique investment opportunity. Boasting approximately 10,000 square feet across two stories, this established restaurant and entertainment venue is ideally situated in the heart of Laurel, offering easy access and high visibility. The property includes a substantial 1.3-acre lot providing ample parking for over 80 vehicles. The first floor, encompassing over 7,000 square feet, features a large, fully equipped kitchen supporting a sizable sit-down restaurant area, a well-appointed bar, restrooms, and a dedicated arcade space. Upstairs, the second floor offers approximately 3,000 square feet of additional space, including another kitchen area, offices, restrooms, and a pool hall. Multiple mezzanines throughout the building provide versatile space for live bands, DJs, and ample storage for event equipment and furniture. This turnkey operation is ready for a new owner to capitalize on the existing infrastructure and strong location to serve the dining and nightlife needs of Laurel and the surrounding communities. The property's size, amenities, and prime location make it an attractive proposition for a variety of entertainment and hospitality ventures. The significant parking capacity ensures convenient access for patrons. This is a rare opportunity to acquire a well-established business with substantial potential for growth and expansion.

    Property Features for 326 Central Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    56,628 SF

    Building Details

    Year Built
    1990
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Laurel
    County
    Sussex
    State
    Delaware
    Longitude
    -75.57142
    Latitude
    38.56223

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Laurel location, large space, high potential.
    Where is this commercial real estate located?
    The property is located at 326 Central Ave Laurel, DE.
    (410) 543-5115
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    Laurel, DE 19956
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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
    326 Central Ave Laurel, DE 19956
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