1006 Back Riv Nck Rd Essex, MD 21221-6325
- Bars
- 2,680 SF
- 1.77 lot acres
Current Use by Public Records
- Bars
Property Details for 1006 Back Riv Nck Rd
- Construction
- BRICK
- Lot size
- 1.77 lot acres
- Property size
- 2,680 SF
- Zone code
- BL
- Property type
- Bars
- Property subtype
- Pubs
- APN
- 15-1502202690
- APU
- 151502202690
Description
This exceptional opportunity presents a fully renovated restaurant and bar in Essex, Maryland, currently generating gross sales exceeding $1.2 million. The 4,600 square-foot building, situated on a 1.77-acre lot, boasts a recently completed renovation encompassing a new roof, siding, windows, blacktop parking lot (with capacity for 100+ vehicles), bathrooms, plumbing, HVAC system (including two 3.5-ton mini-splits and an 8-ton rooftop unit), and an updated security system. The property also features a fenced yard, a pavilion ideal for outdoor events, and a built-in sound system. Inside, the establishment includes a fully equipped kitchen, seating for 134 patrons (with additional outdoor seating), a large bar, and a designated package goods area. Additional revenue streams are generated from a pit beef stand (converted from a former crab eating room), Tuesday Cruise Nights, and a snowball stand (sold separately for $10,000). The sale includes a Class D On and Off License, all furniture, fixtures, and equipment. Exterior amenities include a sea container for storage, outdoor grills, and 15 outdoor tables. Note: Inventory must be purchased separately, and certain items (a bus converted into an outdoor stage and three personal photos) are excluded from the sale. This fee-simple property is being offered via online auction only, beginning October 24th and concluding October 29th, 2024, at 11:00 AM. Detailed terms and conditions are available on the auction website.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $685,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $660,000
- 6.5%
- $655,000
- 7%
- $565,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $620,000
- Geo Method
- $515,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $585,000
- Retail
- $665,000
- Mixed-Use
- $595,000
- Hospitality
- $510,000
- Educational
- $630,000
- Residential Income
- $665,000
- Energy
- $675,000
- Income-Based Land
- $530,000
- Food Service
- $510,000
Location Insight
- Map
- Local Demand
- City
- Essex
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.4276
- Latitude
- 39.2826
- CBSA code
- 12580
- CBSA name
- BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
