7416 Baltimore Ave, College Park, MD 20740-3208
- Turn key restaurants
- 14,700 SF
- 0.22 lot acres
Current Use by Public Records
- Marvelous deli / Food Market / Restaurant
Property Details for 7416 Baltimore Ave
- Year built
- 1962
- Construction
- BRICK
- Lot size
- 0.22 lot acres
- Zone code
- LTOE
- Property type
- Turn key restaurants
- APN
- 21-2326148
- APU
- 212326148
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 14, 2025 | $3,215,000 | 7416 Baltimore Md LLC | 7416 LLC | Deed | — |
| Oct 12, 2001 | $116,670 | 7416 LLC | Gentile,charles R & Kathleen J | Grant Deed | — |
Description
This exceptional 14,700 square foot, two-story bar is ideally situated in the heart of College Park, Maryland, at 7416 Baltimore Avenue, 20740. Boasting prime visibility and adjacency to the University of Maryland, this NNN net lease property offers a unique investment opportunity. The building features three separate bar areas, a full kitchen, and bathrooms on both floors. Large garage doors on both levels allow for flexible indoor/outdoor space. An elevator services the second floor. The property sits on a 9,674 square foot lot with 200 parking spaces. With an asking price of $4,500,000 ($306.12/sq ft), this property presents a strong return on investment. The area boasts over 35,000 ADT car counts, abundant new housing within a five-minute walk, and is perfectly suited for a restaurant, live entertainment venue, brewery, or destination bar. College Park's population of approximately 40,000 residents is bolstered by the University of Maryland's 42,000+ students and faculty. Significant infrastructure improvements, including the Purple Line light rail and Baltimore Avenue boulevard reconstruction, enhance accessibility and appeal. The area is experiencing substantial growth, with projected additions of over six thousand housing units within five years. The property's location near major employers, including the FDA, National Archives, USDA, and the University of Maryland, further strengthens its investment potential. The property is served by Shuttle UM and is close to other public transit options. The anticipated relocation of the Washington Commanders headquarters to the nearby Discovery District in 2024 will further stimulate economic growth in the area. Occupancy is slated for June 19, 2024. This is a rare opportunity to acquire a thriving business in a rapidly developing area.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,320,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,208,000
Market price range: $1.47M - $7.25M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- College Park
- County
- Prince George's
- State
- Maryland
- Longitude
- -76.9383
- Latitude
- 38.9814
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
