Property profile

1006 Back River Neck Rd Essex, MD 21221

FOR SALE
Bars & Pubs
Property ID
US40-1090668
2,680 SF 1.77 ac lot
Individually Owned 4-yr Hold ~ Est. High Equity
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For Sale
Contact for pricing 2,680 SF
1006 Back River Neck Rd, Essex, MD 21221
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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

Location

1006 Back River Neck Rd Essex, MD 21221
Essex metro Census 451000 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$715k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$685k

Owner & transaction history

since 2022
Last sale
$575,000
4 recorded transactions
2022
$575,000
2021
Price N/A
2021
Price N/A
2015
$500,000

Zoning & alternative use

BL · Essex, MD

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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