Iconic Waterfront Restaurant and
For Sale
Contact for pricing
Pending
16215 Cobb Island Road, Newburg, MD 20664
Established waterfront restaurant and marina with strong revenue and growth potential.
Property SizeContact for details
Days on Market229
Property Features for 16215 Cobb Island Road
General Information
Standard status
Pending
Property subtype
Business for Sale
Listing Agency:
McNelis & Associates
Listed By:
Thomas McKay · License #MD3354499
Source:
Crexi
Added: Dec 26, 2025
Changed: Aug 8
Last Checked: Aug 10 at 4:08PM
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 McNelis & Associates
Investment Insights
Based on property information with market context.
This iconic waterfront restaurant and marina in Charles County presents a rare opportunity to acquire a well-established, family-owned business with over 65 years of heritage and a loyal clientele. Located directly on Neal Sound, off the Wicomico and Potomac rivers, the property features a large full-service commercial kitchen and bar, spacious dining rooms, and inviting outdoor seating with water views. The venue includes a versatile event space and meeting room to accommodate private functions. A carry-out convenience store enhances the restaurant’s offerings, supported by an on-sale and off-sale beer, wine, and spirits license, along with Maryland Lottery sales. The business benefits from a dedicated, long-term staff. Additional revenue streams come from fuel sales for both land vehicles and watercraft. The marina boasts over 40 slips available for daily or overnight rental, many equipped with electric and water hookups, attracting boaters. Revenues have fully rebounded following the COVID period, demonstrating strong market resilience and significant growth potential. The property is near Washington, D.C., and Northern Virginia, and enjoys consistent marina traffic, seasonal tourism, and a devoted customer base.
Key Highlights
- Iconic waterfront restaurant with 65+ years of established business and loyal clientele.
- Direct waterfront location on Neal Sound with stunning water views and marina with 40+ slips.
- Benefit from a full‑service commercial kitchen, bar, spacious dining rooms, and versatile event space.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 20664, MD
2,940
Population
1,524
Households
1.9
Avg Household Size
43
Median Age
21%
College-Educated
94%
High-School Grad
40.9 sq mi
ZIP Area
72
Density / Sq Mi
$82,083
Median Household Income
$68,631
Median Earnings
$1,660
Median Rent
$433,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established waterfront restaurant and marina with strong revenue and growth potential.
Where is this conventional restaurant located?
The property is located at 16215 Cobb Island Road Newburg, MD.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Iconic waterfront restaurant with 65+ years of established business and loyal clientele.; Direct waterfront location on Neal Sound with stunning water views and marina with 40+ slips.; Benefit from a full‑service commercial kitchen, bar, spacious dining rooms, and versatile event space.
