1221 Eastern Blvd Baltimore, MD 21221-3422
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.
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Lucky Dragon Restaurant
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
BL · Baltimore, MDBaltimore. Always verify with local authorities before improvements.
Costs & 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.