Property profile

1013 S Talbot St Saint Michaels, MD 21663

FOR SALE
Strip malls
Property ID
US40-1029051
18,420 SF 2.22 ac lot Built 1986
Entity Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Class A restaurant, located at 1013 S Talbot St in the vibrant town of Saint Michaels, Maryland (zip code 21663), is offered for sale at $425,000. The property consists of a single unit, operating as a well-established eat-in and carry-out restaurant. Its prime location within a busy vacation area contributes to its strong track record and well-known reputation. The business boasts a consistently high sales history, demonstrating its profitability and potential for continued success. This turnkey opportunity presents a unique chance to acquire a thriving restaurant in a desirable Maryland location. The restaurant is situated in Talbot County and enjoys excellent visibility and accessibility. Detailed financial records are available upon request to qualified buyers. This is an ideal investment for experienced restaurateurs seeking a profitable and established business in a high-traffic tourist destination. The property's success is built upon a strong brand and loyal customer base, making it a compelling investment opportunity. Serious inquiries only.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1986
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 18,420 SF
Lot 2.22 ac (96,703 SF)
Zoning code C2
APN 02-072874
UPID US40-1029051

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Restaurant
  • Medical Clinic
  • Child Welfare Organization Charitable Organization
  • Bank Loan Service

Location

1013 S Talbot St Saint Michaels, MD 21663
Saint Michaels metro Census 960700 EASTON, MD MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$585k

Owner & transaction history

since 2019
1 recorded transaction
2019
Price N/A

Zoning & alternative use

C2 · St Michaels, 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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