For Sale Restaurant
For Sale
$599,997
45 Pennsylvania Ave, Westminster, MD 21157
Restaurant property offered for sale at a convenient Westminster, MD address, suitable for operators seeking an established food venue.
Property Size1,808 SF
Price / SF$331.86
Days on Market141
Property Features for 45 Pennsylvania Ave
General Information
Standard status
Active
Size
1,808 SF
Building Details
Year Built
1880
Listing Agency:
Allfirst Realty, Inc.
Listed By:
Russ Dukan · License #5005187
(443) 760-7543
Source:
Dhgsells
Added: Jun 2
Changed: Oct 14
Last Checked: Oct 19 at 8:56AM
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 Allfirst Realty, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This restaurant property is being offered for sale and is positioned for foodservice use. The asset size is listed at 1,808 square feet, providing a compact footprint that can work well for a focused dining concept or an operator looking for an existing restaurant setting.
The property is located at 45 Pennsylvania Ave in Westminster, Maryland, within Carroll County. For access and directions, the listing notes GPS use, making it straightforward for prospective buyers and brokers to confirm approach and visibility when scheduling showings.
For buyers, this presents a practical opportunity to acquire a restaurant-oriented commercial asset in Westminster. Operators considering a new concept or an experienced foodservice operator looking to expand may find the size and restaurant classification align with a streamlined service model. Because details beyond the listed use and size are not provided here, due diligence should be performed to confirm current condition and any improvements prior to purchase.
The property is located at 45 Pennsylvania Ave in Westminster, Maryland, within Carroll County. For access and directions, the listing notes GPS use, making it straightforward for prospective buyers and brokers to confirm approach and visibility when scheduling showings.
For buyers, this presents a practical opportunity to acquire a restaurant-oriented commercial asset in Westminster. Operators considering a new concept or an experienced foodservice operator looking to expand may find the size and restaurant classification align with a streamlined service model. Because details beyond the listed use and size are not provided here, due diligence should be performed to confirm current condition and any improvements prior to purchase.
Key Highlights
- Restaurant property for sale with central air conditioning
- Heating includes forced air and electric heat
- Year built: 1880
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,101
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,020
$422.0K
Cap Rate 7%
$301,443
$301.4K
Cap Rate 9%
$234,456
$234.5K
Market Conditions
NOI Build-Up for 1,808 SF
Gross rent
$28.9K $15.96/SF
− Vacancy
−$721 −$0.40/SF
EGI
$28.1K $15.56/SF
− OpEx
−$7.0K −$3.89/SF
NOI
$21.1K $11.67/SF
Area
Carroll County, MD
Vacancy
2.50%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,020
Cap Rate 7%
$301,443
Cap Rate 9%
$234,456
Alternative Uses
Best Use
Specialty Retail
$301.4K
$263.8K – $351.7K
NOI $21,101 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$670.5K
$586.7K – $782.3K
NOI $46,935 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,214
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21157, MD
38,584
Population
15,466
Households
2.5
Avg Household Size
42
Median Age
37%
College-Educated
93%
High-School Grad
77.7 sq mi
ZIP Area
497
Density / Sq Mi
$102,835
Median Household Income
$50,254
Median Earnings
$1,236
Median Rent
$394,100
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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property offered for sale at a convenient Westminster, MD address, suitable for operators seeking an established food venue.
Where is this conventional restaurant located?
The property is located at 45 Pennsylvania Ave Westminster, MD.
What is the asking price?
The asking price for this property is $599,997.
What are key features of this property?
This property features: Restaurant property for sale with central air conditioning; Heating includes forced air and electric heat; Year built: 1880
