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    OFF-MARKET Estimated value $640,000
    Bars & Pubs

    1006 Back Riv Nck Rd, Essex, MD 21221-6325

    2,680 SF 1.77 ac lot
    Individually Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US40-1090668
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Bars & Pubs
    Use group BAR, TAVERN
    Construction BRICK
    Total area 2,680 SF
    Lot 1.77 ac (77,101 SF)
    Zoning code BL
    APN 15-1502202690
    UPID US40-1090668
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $715k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $640k
    Owner & transaction history
    David A Jacobs · 4 yrs held
    David A Jacobs
    since 2022
    Last sale
    $575,000
    4 recorded transactions
    2022
    $575,000
    2021
    2021
    2015
    $500,000
    Zoning & alternative use
    BL · Essex, MD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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