8700 Chestnut Ave Bowie, MD 20720-3671

Property Details for 8700 Chestnut Ave

Year built

1940

Construction

BRICK

Lot size

0.41 lot acres

Property size

2,976 SF

Zone code

CN

Property type

Retail space

APN

14-1616705

APU

141616705

Description

This exceptional freestanding restaurant/bar, located at 8700 Chestnut Ave in Old Town Bowie, MD, presents a unique investment opportunity. The 2,976 square foot building, constructed in 1940 and renovated in 2019, sits on a generous .52-acre lot zoned MUI. Its prime corner location is adjacent to a park, offering a picturesque setting and ample natural light. The property boasts a private parking lot, adding significant convenience for patrons. Inside, the fully equipped space includes a bar, kitchen hoods, grease trap, and walk-in coolers – all ready for a new operator. The existing infrastructure is ideal for a seamless transition, minimizing start-up costs. The affluent surrounding neighborhood, with median household incomes exceeding $141,000 within one mile and $114,000 within five miles, ensures a strong potential customer base. This is a rare chance to acquire a turn-key restaurant/bar in a highly desirable location. The asking price is $1,300,000 ($436.83 per square foot). Don't miss this chance to own a piece of Old Town Bowie.