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    115 Market St Georgetown, DE 19947

    For Sale
    $1,100,000

    Established Restaurant, Turn-Key Operation, High Traffic Area.

    Property size:
    3,200 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional opportunity encompasses a thriving, established restaurant and its accompanying real estate in the bustling Georgetown, Delaware market. Located at 115 E Market Street, this turnkey operation boasts 3,200 square feet of space situated on a 0.18-acre lot within a vibrant commercial strip. The restaurant is currently operating as a successful eat-in and take-out establishment, benefiting from consistent foot traffic and a strong local customer base. The sale includes both the business and the property, presenting a unique chance for immediate ownership and operation. The property's prime location ensures high visibility and accessibility, making it an ideal investment for an experienced restaurateur or a savvy entrepreneur looking to enter the food service industry. All existing equipment and fixtures are included in the sale, minimizing the initial investment required to commence operations. The asking price for this combined property and business is $1,100,000. This is a rare opportunity to acquire a profitable, established business with significant growth potential in a desirable location. Serious inquiries only. Financial statements are available upon request and a non-disclosure agreement will be required.

    Property Features for 115 Market St

    General Information

    Property type
    Retail properties
    Square Feet
    3,200 SF
    Lot Size
    7,841 SF

    Building Details

    Year Built
    1950
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Map

    City
    Georgetown
    County
    Sussex
    State
    Delaware
    Longitude
    -75.38451
    Latitude
    38.69145

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    FAQs

    What type of property is this?
    Retail property - Established Restaurant, Turn-Key Operation, High Traffic Area.
    Where is this retail property located?
    The property is located at 115 Market St Georgetown, DE.
    What is the asking price?
    The asking price for this property is $1,100,000.
    (302) 674-3400
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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
    115 Market St Georgetown, DE 19947
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