Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
BL · Essex, MDZoning
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Zoning designation
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