Listing Agency: SVN | Miller Commercial Real Estate Salisbury b***@svn.com Show Phone

Listed By: Robert Greenlee · License #MD 510675

Source: Crexi

Added: Apr 10 Changed: Aug 8 Last Checked: Jul 23 at 12:33AM

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Investment Insights

Based on property information with market context.

This offering includes a restaurant property and business for sale separately. The restaurant is described as brand new, fully functioning, and licensed, with a 100% turnkey setup intended for an operator who wants to avoid the buildout and rebranding process.

According to the seller, in September 2016 an architect, restaurant designer, and marketing firm were engaged to re-name and re-brand the former Schooners Restaurant. The interior was essentially gutted to the walls, with existing FF&E disposed of in various ways. The waterfront dining room was opened and integrated into the project, and the deck was completely reworked to support waterside dining. A new deck bar was built, and the inter furnishings, colors, lighting, and related decorative elements were coordinated with coordinated branding materials.

The listing notes that the real estate is offered for sale only to facilitate the sale of the business, and cannot be sold prior to the business sale.

Key Highlights

• Fully functioning, licensed restaurant business offered for sale with the real estate offered only to facilitate the business sale
• Renamed and rebranded former Schooners Restaurant with coordinated decorative elements and branding from start to finish
• Interior renovation: existing FF&E disposed and interior basically gutted to the walls

Property Analytics

Current Use

Capsize OXMD Restaurant The Soft Serve Window ... Grocery & Convenience Store

Suggested Use

Top Pick Big Box & Wholesale Store Storage Facility Grocery & Convenience Store Cafe & Coffee Shop Hair Salon Computer & Electronic Repair

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

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

104

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 21654, MD

1,129

Population

877

Households

1.3

Avg Household Size

63

Median Age

65%

College-Educated

95%

High-School Grad

11.1 sq mi

ZIP Area

102

Density / Sq Mi

$88,512

Median Household Income

$40,768

Median Earnings

$1,479

Median Rent

$802,000

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Fully functioning, licensed restaurant with a renovated waterfront dining room and rebuilt deck with bar.

Where is this conventional restaurant located?

The property is located at 314 Tilghman Street Oxford, MD.

What are key features of this property?

This property features: Fully functioning, licensed restaurant business offered for sale with the real estate offered only to facilitate the business sale; Renamed and rebranded former Schooners Restaurant with coordinated decorative elements and branding from start to finish; Interior renovation: existing FF&E disposed and interior basically gutted to the walls