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    8305 Ocean Gtwy Easton, MD 21601

    Sponsored
    For Sale
    $499,000

    Easton, MD Restaurant - $499,000

    Property size:
    3,850 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional turnkey business opportunity in Easton, Maryland, presents a rare chance to acquire a thriving restaurant. Located on a high-visibility corner lot at 8305 Ocean Gateway (US 50), this property boasts impressive daily traffic counts: 35,000 cars pass the front and 11,000 cars pass the side. The 3,850-square-foot building, constructed in 2007 and extensively renovated in 2022, features a large, well-equipped kitchen with multiple hoods, ample walk-in refrigeration and freezer space, and numerous sinks. The property also includes two large commercial bathrooms and a separate storage building. The building is zoned C and operates under a NNN lease with a corporate guarantee. The substantial Net Operating Income (NOI) of $150,000 reflects the strong performance of this established business, which is currently in its second year of operation. This is an owner/user investment opportunity within a Class B building, offering significant potential for growth and return. The property's prime location and recent renovations make it an ideal acquisition for a savvy investor seeking a high-traffic, established business with immediate income potential. The LLC ownership structure provides a streamlined transition process. The APN is 2101022970.

    Property Features for 8305 Ocean Gtwy

    General Information

    Property type
    Investment properties
    Square Feet
    3,850 SF
    Class
    B

    Building Details

    Year Built/Renovated
    2007/2022
    Buildings
    1
    Stories
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Genesis Pizza & Méxican ... Mexican Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Easton
    County
    Talbot
    State
    Maryland
    Longitude
    -76.0597181
    Latitude
    38.7770962

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    FAQs

    What type of property is this?
    Investment property - Easton, MD Restaurant - $499,000
    Where is this investment property located?
    The property is located at 8305 Ocean Gtwy Easton, MD.
    What is the asking price?
    The asking price for this property is $499,000.
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    8305 Ocean Gtwy Easton, MD 21601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8305 Ocean Gtwy Easton, MD 21601
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