Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    101 N Main St Hurlock, MD 21643

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $539,000

    Turnkey restaurant property with potential for apartments and renewed liquor license.

    Lot size:
    0.10 Acres

    Property Features for 101 N Main St

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.10 Acres

    Building Details

    Year built
    1910

    We can help!

    Listing Contact
    Dylan Mezick
    Dylan Mezick
    Source: Elliman

    Listing Agency: SVN |Miller Commercial Real Estate Listing Agent: Dylan Mezick

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Historic Restaurant Opportunity on Eastern Shore

    This 3,026 square foot commercial property, originally a 1910 General Store, was transformed into a restaurant in 1994. Family-owned and operated for three generations, this property presents a rare opportunity to own a piece of Maryland’s Eastern Shore history. The building is fully equipped with all furniture, fixtures, and equipment, including a grease trap, hood, oven, walk-ins, and a new Ansul system. A new roof was installed in 2019. The property also features an office and half bath that can be revitalized for use, along with a second-floor space that could be converted to apartments. With commercial zoning and a prior liquor license (eligible for renewal), this property is ideal for a restaurant, café, or local gathering spot. The property is located in the Opportunity Zone. The sale includes all fully functional FF&E.
    Location Intelligence

    Current Use by Public Records

    Hurlock Pizza Palace Restaurant E's Hair Designs Hair Salon

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Hurlock
    County
    Dorchester
    State
    Maryland
    Longitude
    -75.8632919
    Latitude
    38.6338294

    Nearby Similar for Sale

    • $539,000
      0.10 Acres

      Turnkey Restaurant Opportunity in Hurlock

      Established restaurant with equipment, furniture, and potential for expansion.
      101 N Main St, Hurlock, MD 21643
      View Details
    • $375,000

      Hurlock Warehouse Space For Sale

      Warehouse space in Hurlock, MD with office and dock doors.
      512 South Main St, Hurlock, MD 21643
      View Details
    • $200,000
      0.13 Acres

      Former Bank Building in Hurlock

      Commercial building suitable for office or community center use.
      100 Broad St, Hurlock, MD 21643
      View Details
    • $350,000

      Hurlock Warehouse Space Available

      Warehouse space in Hurlock, Dorchester County, with easy business center access.
      512 Main St S, Hurlock, MD 21643
      View Details
    • $425,000

      Established Restaurant on Busy Corner

      Turn-key restaurant for sale in Hurlock, Maryland with real estate.
      100 Delaware Ave, Hurlock, MD 21643
      View Details
    • $375,000

      Hurlock Warehouse with Office Space

      22,269 SF warehouse with office space in Hurlock, MD.
      512 South Main St, Hurlock, MD 21643
      View Details
    • $200,000

      Former Bank Building For Sale

      Office building or community center opportunity with parking lot.
      100 Broad St, Hurlock, MD 21643
      View Details
    • $200,000
      Pending

      Hurlock Commercial Property on Main

      Versatile commercial property in Hurlock, MD, with prime business potential.
      309 S Main St, Hurlock, MD 21643
      View Details
    • $1,950,000
      15,252 SF

      Hurlock Multifamily Investment Opportunity

      Multifamily investment property in Hurlock, MD with expansion potential.
      510 S Main St, Hurlock, MD 21643
      View Details
    • $1,950,000

      Hurlock Multifamily Investment Opportunity

      Multifamily property in Hurlock, MD with income potential.
      510 S Main St, Hurlock, MD 21643
      View Details
    • $375,000
      22,269 SF

      Hurlock Industrial Warehouse - Prime Location

      Spacious warehouse, ideal for various businesses. Excellent Dorchester County access.
      512 Main St, Hurlock, MD 21643
      View Details
    • Contact for pricing
      118,800 SF

      Hemp/Cannabis Production and Processing Facility

      31.43 acre hemp/cannabis production and processing facility for sale.
      201 Enterprise Dr, Hurlock, MD
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Turnkey restaurant property with potential for apartments and renewed liquor license.
    Where is this conventional restaurant located?
    The property is located at 101 N Main St Hurlock, MD.
    What is the asking price?
    The asking price for this property is $539,000.
    What are key features of this property?
    This property features: - Turnkey restaurant opportunity: Fully equipped with all furniture, fixtures, and equipment (FF&E).; - Eligible for liquor license renewal, ideal for restaurant, café, or local gathering spot.; - New roof installed in 2019.
    (410) 543-2440
    Request Owner's contact information
    101 N Main St Hurlock, MD 21643
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    101 N Main St
    Hurlock, MD 21643
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    101 N Main St Hurlock, MD 21643
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Dylan Mezick
    Dylan Mezick
    Real Estate License ID: 5011586
    (410) 543-2440 (443) 880-4492
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!