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Property profile & analytics
OFF-MARKET Estimated value $1,045,000
Medical Office Space

1221 Eastern Blvd Baltimore, MD 21221-3422

5,700 SF 1.71 ac lot
Entity Owned 24-yr Hold ~ Est. High Equity
Property ID
US40-0160039
Property summary
AI-generated overview

This exceptional investment opportunity presents a thriving Chinese restaurant for sale in Essex, Maryland. Located at 1221 Eastern Blvd, this end-unit establishment boasts a remarkable 35-year history and a loyal customer base. The 1,250 square foot space is currently 100% occupied and features ample parking with 89 spaces available. The business operates under a net lease with a remaining term of 6 years and includes three tenants. The asking price is $80,000, representing a price per square foot of $64. Financial records demonstrate consistent profitability, even with the current owner's partial retirement. This well-equipped restaurant offers a turnkey operation with significant potential for growth under new ownership. The existing customer base and strong reputation provide a solid foundation for continued success. The business benefits from its advantageous location and established presence within the community. This is a rare opportunity to acquire a profitable, established restaurant with a proven track record and significant upside potential. The property is situated in Baltimore County, Maryland, zip code 21221. This is a multi-tenant property with a strong history of success. The opportunity to acquire a business with such a long and successful history is rare and should not be missed.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Construction BRICK
Total area 5,700 SF
Lot 1.71 ac (74,488 SF)
Zoning code BL
APN 15-2000008377
UPID US40-0160039
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
Current use
Occupant on record · Public records
  • Lucky Dragon Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$670k
CAP Approach CAP
$1.27M
Comparable Approach Comparable
$700k
Blend (final) Blend
$1.05M
Owner & transaction history
Cvk Commercial LLC · 24 yrs held
Cvk Commercial LLC
since 2002
2 recorded transactions
2002
$2.7M
2001
Price N/A
Zoning & alternative use
BL · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.3M +58.8%
Restaurant $1.3M +56.5%
Office building $1.2M +41.3%
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