Equipped Restaurant
New
For Sale
$690,000
300 SUMMIT AVENUE, Hagerstown, MD 21740
The sale includes restaurant equipment, fixtures, and a point-of-sale system for dine-in and takeout service.
Property Size3,119 SF
Price / SF$221.22
Days on Market5
Property Features for 300 SUMMIT AVENUE
General Information
Standard status
Active
Size
3,119 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Equipment Included
Yes
Building Details
Year Built
1900
Buildings
1
Listing Agency:
CES Properties, LLC.
Listed By:
Michael E Stanford · License #631295
(301) 733-5388
Source:
Cummingsrealtors
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 5 at 6:07PM
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 CES Properties, LLC.
Investment Insights
Based on property information with market context.
This 3,119-square-foot restaurant property includes the building, equipment, fixtures, and point-of-sale system. The layout accommodates both dine-in and takeout service, with dedicated food-preparation areas and a customer serving area. Kitchen and cold-storage equipment includes two walk-in coolers, a walk-in freezer, two boilers, and several refrigerated display coolers.
Located at 300 Summit Avenue in Hagerstown, Maryland, the building was constructed in 1900. The included equipment and fixtures are part of the sale.
Located at 300 Summit Avenue in Hagerstown, Maryland, the building was constructed in 1900. The included equipment and fixtures are part of the sale.
Key Highlights
- Building sale includes restaurant equipment, fixtures, and point‑of‑sale system
- 3,119 square feet with dine‑in and takeout service areas
- Two walk‑in coolers and one walk‑in freezer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,615
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$632,300
$632.3K
Cap Rate 7%
$451,643
$451.6K
Cap Rate 9%
$351,278
$351.3K
Market Conditions
NOI Build-Up for 3,119 SF
Gross rent
$46.8K $15.00/SF
− Vacancy
−$4.6K −$1.49/SF
EGI
$42.2K $13.52/SF
− OpEx
−$10.5K −$3.38/SF
NOI
$31.6K $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%
$632,300
Cap Rate 7%
$451,643
Cap Rate 9%
$351,278
Alternative Uses
Best Use
Specialty Retail
$451.6K
$395.2K – $526.9K
NOI $31,615 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$691.9K
$605.4K – $807.2K
NOI $48,430 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,616
Businesses Nearby
740
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Napa Auto Parts
Shops & Services
740 visits/mo
0.1 miles
Demographics for 21740, MD
65,619
Population
27,002
Households
2.4
Avg Household Size
39
Median Age
20%
College-Educated
86%
High-School Grad
70.9 sq mi
ZIP Area
926
Density / Sq Mi
$59,410
Median Household Income
$42,159
Median Earnings
$1,031
Median Rent
$241,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - The sale includes restaurant equipment, fixtures, and a point-of-sale system for dine-in and takeout service.
Where is this conventional restaurant located?
The property is located at 300 SUMMIT AVENUE Hagerstown, MD.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Building sale includes restaurant equipment, fixtures, and point‑of‑sale system; 3,119 square feet with dine‑in and takeout service areas; Two walk‑in coolers and one walk‑in freezer
