115 Market St Georgetown, DE 19947-1405
This exceptional opportunity encompasses a thriving, established restaurant and its accompanying real estate in the bustling Georgetown, Delaware market. Located at 115 E Market Street, this turnkey operation boasts 3,200 square feet of space situated on a 0.18-acre lot within a vibrant commercial strip. The restaurant is currently operating as a successful eat-in and take-out establishment, benefiting from consistent foot traffic and a strong local customer base. The sale includes both the business and the property, presenting a unique chance for immediate ownership and operation. The property's prime location ensures high visibility and accessibility, making it an ideal investment for an experienced restaurateur or a savvy entrepreneur looking to enter the food service industry. All existing equipment and fixtures are included in the sale, minimizing the initial investment required to commence operations. The asking price for this combined property and business is $1,100,000. This is a rare opportunity to acquire a profitable, established business with significant growth potential in a desirable location. Serious inquiries only. Financial statements are available upon request and a non-disclosure agreement will be required.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
TN · Georgetown, DECosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.