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    22685 Washington St Leonardtown, MD 20650

    Sponsored
    For Sale
    $1,250,000

    Historic Downtown Restaurant, Turnkey Operation

    Property size:
    7,048 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 7,048 square foot retail property, situated on a 0.2-acre lot at 22685 Washington Street in the heart of historic Leonardtown, MD, presents a unique investment opportunity. Currently operating as a successful restaurant, "Ye Olde Towne Cafe," the building offers a versatile layout adaptable to various commercial uses. The main retail area, spanning approximately 5,278 square feet, boasts a substantial cook line, separate prep kitchen, extensive food service bar, ADA-compliant restrooms, and a dedicated party/meeting room with capacity for 90-120 patrons. An additional 1,518 square feet of storage and warehouse space includes essential building systems, walk-in refrigeration, office space, and a second bathroom. Recent upgrades include energy-efficient LED lighting, new HVAC compressors and oil-fired furnaces (installed within the last five years), a monitored fire and burglar alarm system, and a comprehensive 16-channel video security system with both indoor and outdoor cameras accessible remotely via the internet. Priced at $1,250,000, this property offers significant potential for continued success as a restaurant or conversion to other retail or commercial office uses. Its prime location in a thriving business and cultural hub ensures high visibility and accessibility. The property's robust infrastructure and recent improvements make it a truly attractive investment.

    Property Features for 22685 Washington St

    General Information

    Property type
    Retail properties
    Square Feet
    7,048 SF
    Lot Size
    8,712 SF

    Building Details

    Year Built
    1959
    Location Intelligence

    Current Use by Public Records

    Ye Olde Towne ... Cafe Irene B. Parrish ... Real Estate Agency

    Suggested Use

    Restaurant Realty agency Building Supply Law Firm Dental Office Spa & Massage Auto Repair Shop Hair Salon Hotel & Motel Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Leonardtown
    County
    St. Mary's
    State
    Maryland
    Longitude
    -76.63657
    Latitude
    38.29065

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    FAQs

    What type of property is this?
    Retail property - Historic Downtown Restaurant, Turnkey Operation
    Where is this retail property located?
    The property is located at 22685 Washington St Leonardtown, MD.
    What is the asking price?
    The asking price for this property is $1,250,000.
    (301) 863-7002
    Request Owner's contact information
    22685 Washington St Leonardtown, MD 20650
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    Leonardtown, MD 20650
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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
    22685 Washington St Leonardtown, MD 20650
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