120 Solomons Island Rd Prince Frederick, MD 20678
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Retail properties & Spaces
Property Details for 120 Solomons Island Rd
- Year built
- 1960
- Property size
- 1,241 SF
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This thriving restaurant in Prince Frederick, Maryland, presents a unique owner-user investment opportunity. Located at 120 Solomons Island Rd S, 20678, this 1,241 square foot establishment boasts a strong reputation, evidenced by its 4.6-star Google rating and over 300 reviews. The business, EZ THAI, is known for its high-quality food and exceptional staff, contributing to year-over-year increases in net operating income (NOI). The current NOI stands at $168,000, resulting in a compelling 26.88% capitalization rate. Built in 1960, the property is zoned for commercial use and is offered at an asking price of $625,000 ($503.63 per square foot). The owner is offering hands-on training to ensure a smooth transition for the new owner. Franchise processes have already been initiated, presenting additional growth potential. This turnkey operation is ideal for experienced restaurateurs, culinary experts, or aspiring entrepreneurs seeking a proven business model. The property is situated in Calvert County, MD, providing convenient access to a loyal customer base. This is an exceptional opportunity to acquire a well-established, profitable restaurant with significant upside.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Prince Frederick
- County
- Calvert
- State
- Maryland
- Longitude
- -76.5857
- Latitude
- 38.536
