Building Details

Year Built 1890

Listing Agency: Roger Fairbourn Real Estate Show Phone

Listed By: Roger N Fairbourn · License #67107 Show Phone

Source: Cummingsrealtors

Added: Aug 19 Changed: Oct 19 Last Checked: Oct 19 at 9:23AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Roger Fairbourn Real Estate

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Investment Insights

Based on property information with market context.

Built in 1890, this substantial red-brick tavern building occupies 144 Main St in Sharpsburg, Maryland. The property is configured for a bar or pub use and includes an existing Class D liquor license that may convey with the sale, subject to Liquor Control Board approval.

The building sits within Sharpsburg, a historic community surrounded by Antietam Battlefield. The battlefield draws thousands of visitors each year, and the property is approximately one hour from the DC Metroplex. The site is somewhat bikeable and car-dependent, with a bike score of 35 and a walk score of 24.

Key Highlights

• 1890 construction date
• Substantial red‑brick building at 144 Main St
• Existing Class D liquor license may convey, subject to Liquor Control Board approval

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,355

Cap Rate

6.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$587,100 $587.1K

Cap Rate 7%

$419,357 $419.4K

Cap Rate 9%

$326,167 $326.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,896 SF

Gross rent

$43.4K $15.00/SF

− Vacancy

−$4.3K −$1.49/SF

EGI

$39.1K $13.52/SF

− OpEx

−$9.8K −$3.38/SF

NOI

$29.4K $10.14/SF

Area

Washington County, MD

Vacancy

9.90%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$587,100

Cap Rate 7%

$419,357

Cap Rate 9%

$326,167

Alternative Uses

Best Use

Specialty Retail

$419.4K

$366.9K – $489.3K (±1% cap)

NOI $29,355 @ 7.0% cap · market cap 6.91%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$642.4K

$562.1K – $749.5K (±1% cap)

NOI $44,968 @ 7.0% cap · market cap 10.58%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Pete's Tavern Bar & Pub

Suggested Use

Top Pick Parking Lot & Garage Real Estate Agency Auto Parts Store Electrical Service Hair Salon Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Liquor license

Location Intelligence

Trade Area within ½ mile

110

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 21782, MD

3,866

Population

1,683

Households

2.3

Avg Household Size

47

Median Age

25%

College-Educated

93%

High-School Grad

29.3 sq mi

ZIP Area

132

Density / Sq Mi

$89,375

Median Household Income

$52,377

Median Earnings

$1,124

Median Rent

$295,900

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Similar For Sale Nearby

See more

Occupied Triplex with Basement

202 E CHAPLINE Street, Sharpsburg, MD 21782

$338,995

2,122 SF

View details

Historic Sharpsburg House Renovation

117 E Main St, Sharpsburg, MD 21782

$375,000

6,156 SF

View details

Similar Off Market Nearby

• Pete's Tavern — 144 W Main St, Sharpsburg, MD 21782

Frequently Asked Questions

What type of property is this?

Bar & Pub - An existing Class D liquor license may convey, subject to Liquor Control Board approval.

Where is this bar & pub located?

The property is located at 144 MAIN STREET Sharpsburg, MD.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: 1890 construction date; Substantial red‑brick building at 144 Main St; Existing Class D liquor license may convey, subject to Liquor Control Board approval