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Property profile & analytics
OFF-MARKET
Mixed-use properties

1232 Mount Harmony Rd Owings, MD 20736

3,521 SF 0.54 ac lot Built 1930
Property ID
US40-2252274
Property summary
AI-generated overview

This exceptional mixed-use property, located at 1232 E Mount Harmony Road in Owings, Maryland, presents a unique investment opportunity. The 3,521 square foot building currently operates as a thriving tavern and restaurant, boasting a substantial 600 square foot deck overlooking a generous 0.54-acre lot. Ample parking is provided with approximately 25 spaces. The property includes a full liquor license permitting both on and off-premises sales, along with keno and a convenient drive-up window. A major renovation undertaken in 1998 significantly upgraded the building's infrastructure, encompassing window replacements, insulation improvements, electrical rewiring, roof repair, and septic system upgrades. While a subsequent renovation was initiated but left incomplete, this presents a chance to customize and further enhance the property. The property is being sold "as-is" at a reduced price reflecting the unfinished renovation. The substantial lot size (23,723 square feet) offers considerable potential for expansion or future development. This established business, situated in a desirable location, offers a compelling blend of immediate income generation and long-term growth prospects. The property's existing infrastructure and operational features provide a solid foundation for a new owner to capitalize on its considerable potential.

Property profile
Verified
Property type Mixed-use properties
Year built 1930
Total area 3,521 SF
Lot 0.54 ac (23,522 SF)
UPID US40-2252274
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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