1232 Mount Harmony Rd Owings, MD 20736
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.