8451 Ocean Gtwy, Easton, MD 21601-7151

This exceptional Easton, MD, retail property presents a compelling investment opportunity. The 5,407 square foot Easton Diner, situated on a 1.34-acre lot at 8451 Ocean Gateway, boasts a prime location on Route 50, a major thoroughfare connecting Washington D.C., Baltimore, and Ocean City. With a 6.14% cap rate and a strong NOI of $108,900, this single-tenant, fee-simple property offers significant potential. The building, constructed in 1981 and renovated in 2020, features a fully equipped commercial kitchen, ample parking (84 spaces), and a capacity for approximately 187 patrons. The current lease, a NNN agreement, has a remaining term of approximately 3.3 years, expiring February 29, 2028. The property is zoned CG and benefits from high visibility and accessibility, with an average daily traffic count of roughly 50,000 vehicles, significantly increasing during peak seasons. This redevelopment opportunity, classified as Class B, offers a unique chance to capitalize on a high-demand location and strong existing business. The asking price is $1,775,000, translating to $328.28 per square foot. The property's features include one building, one story, and 100% occupancy.