Turnkey Brewery &
For Sale
$1,999,999
325 FRONT Street, Perryville, MD 21903
Commercial Sale, PERRYVILLE, MD
Property Size10,500 SF
Lot Size1.02 Acres
Price / SF$190.48
Days on Market94
Property Features for 325 FRONT Street
General Information
Property type
Other
Property subtype
Retail
Parking
83
Parking features
Parking Lot, On Street
Elementary school district
CECIL COUNTY PUBLIC SCHOOLS
Middle school district
CECIL COUNTY PUBLIC SCHOOLS
High school district
CECIL COUNTY PUBLIC SCHOOLS
Standard status
Active
Lot size
1.02 Acres
Taxes and HOA fees
Tax Annual Amount
19007
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1949
Number of units
1
Building materials
Block
Listing Agency:
Garceau Realty
(410) 803-0714
Listed By:
David R Feazell · License #674137
(443) 299-7937
Added: May 20
Changed: Aug 19
Last Checked: Aug 21 at 1:06PM
MLS# MDCC2021560
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turnkey brewery and restaurant building offers a fully renovated interior completed in 2020. The property consists of a 10,500 SF building on two parcels totaling 1.02 acres, zoned TC. The sale includes $300,000 in FF&E, and the business has been successfully operating with an established customer base and operational systems in place.
The property is located at 325 Front Street in Perryville, Cecil County, Maryland, with walking distance to downtown Perryville. It also features a large parking lot with 83 spaces. Public water and sewer service are available, and the location is approximately five minutes from I-95 and Route 40.
For hospitality operators and experienced buyers seeking a ready-to-run concept, the renovated facilities combine brewing and dining operations in one site. The substantial parking capacity supports customer access for both restaurant use and events, while the TC zoning and established operating framework can help streamline the transition for a qualified purchaser.
The property is located at 325 Front Street in Perryville, Cecil County, Maryland, with walking distance to downtown Perryville. It also features a large parking lot with 83 spaces. Public water and sewer service are available, and the location is approximately five minutes from I-95 and Route 40.
For hospitality operators and experienced buyers seeking a ready-to-run concept, the renovated facilities combine brewing and dining operations in one site. The substantial parking capacity supports customer access for both restaurant use and events, while the TC zoning and established operating framework can help streamline the transition for a qualified purchaser.
Key Highlights
- 10,500 SF brewery & restaurant building fully renovated in 2020
- 2 parcels totaling 1.02 acres with TC zoning
- Public water & sewer; block construction; forced air heating and central air
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$184,086
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,681,720
$3.7M
Cap Rate 7%
$2,629,800
$2.6M
Cap Rate 9%
$2,045,400
$2.0M
Market Conditions
NOI Build-Up for 10,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$252.0K $24.00/SF
− Vacancy
−$6.6K −$0.62/SF
EGI
$245.4K $23.38/SF
− OpEx
−$61.4K −$5.84/SF
NOI
$184.1K $17.53/SF
Area
Cecil County, MD
Vacancy
2.60%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,681,720
Cap Rate 7%
$2,629,800
Cap Rate 9%
$2,045,400
Alternative Uses
Best Use
Specialty Retail
$2.63M
$2.30M – $3.07M
NOI $184,086 @ 7.0% cap · market cap 9.20%
Second Best
Industrial
$772.4K
$675.9K – $901.2K
NOI $54,071 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$3.89M
$3.41M – $4.54M
NOI $272,576 @ 7.0% cap · market cap 13.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
145
Businesses Nearby
Explore this area
Business Placement
Demographics for 21903, MD
5,835
Population
2,451
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
92%
High-School Grad
12.7 sq mi
ZIP Area
459
Density / Sq Mi
$77,500
Median Household Income
$52,520
Median Earnings
$1,053
Median Rent
$271,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Brewery - Fully renovated in 2020 brewery and restaurant with turnkey operations, ample parking, and public water and sewer service.
Where is this brewery located?
The property is located at 325 FRONT Street Perryville, MD.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: 10,500 SF brewery & restaurant building fully renovated in 2020; 2 parcels totaling 1.02 acres with TC zoning; Public water & sewer; block construction; forced air heating and central air
