Property profile

712 Broadway Crisfield, MD 21817

OFF-MARKET
Turn key restaurants
Property ID
US40-1729918
3,087 SF 0.15 ac lot Built 1998
Entity Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, situated at 712 Broadway in the heart of Crisfield, Maryland's downtown marina district, presents a unique investment opportunity. Boasting a 0.15-acre lot, the building offers a versatile layout perfectly suited for a restaurant, bar, or event venue. The interior features a spacious indoor dining area complemented by an overlooking mezzanine, providing ample seating capacity and a dynamic atmosphere. An expansive outdoor deck extends the dining experience, offering picturesque views of the marina. The second floor includes a dedicated private event area, ideal for hosting special occasions or private functions. A large, well-equipped kitchen is ready for immediate use, minimizing start-up costs. Additional upstairs space provides private office areas and valuable storage. Convenient on-site private parking is included. The property's prime location directly across from Somers Cove Marina and its associated parking lot places it at the center of Crisfield's vibrant community life, benefiting from the high foot traffic generated by numerous events, including the renowned annual J. Millard Tawes Crab & Clam Bake. This turnkey property offers immediate operational potential and significant long-term growth prospects. The property is available for sale. Square footage is not currently available.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1998
Total area 3,087 SF
Lot 0.15 ac (6,343 SF)
Zoning code T-M
APN 07-113358
UPID US40-1729918

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

712 Broadway Crisfield, MD 21817-1009
Crisfield metro Census 930600 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2015
5 recorded transactions
2015
$80,000
2003
$225,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

T-M · Crisfield, MD

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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