8952 Deal Is Rd Deal Island Historic District, MD 21821
- Bars
- 2,400 SF
- 0.64 lot acres
Current Use by Public Records
- Bars
Property Details for 8952 Deal Is Rd
- Year built
- 1987
- Lot size
- 0.64 lot acres
- Property size
- 2,400 SF
- Property type
- Bars
- Property subtype
- Pubs
Description
This exceptional waterfront business opportunity, located in the Deal Island Historic District of Somerset County, Maryland (zip code 21821), presents a unique chance to acquire a well-established retail establishment. The property, situated at 8952 Deal Island Rd, encompasses 2,400 square feet on a 0.643-acre lot and is zoned C3. Originally built in 1987 and renovated in 2003, the property includes all furniture, fixtures, and equipment. The business, operating as a bar, grill, and general store, has a proven track record of success, generating cash revenue organically without any advertising. The sale price is $515,000, translating to $214.58 per square foot. The business model excludes lottery and cigarette sales. The restaurant boasts a full bar, kitchen, ample refrigeration, and outdoor seating. A key advantage is the property's prime waterfront location, directly adjacent to county-owned land and a public boat ramp, ensuring high visibility and convenient access for customers. The previous operator, in business since 1987, ceased operations in Spring 2023 due to unrelated health concerns. This presents a turnkey opportunity for a new owner to capitalize on the existing infrastructure and loyal customer base. The lease is a NNN (Net, Net, Net) lease.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Deal Island Historic District
- County
- Somerset
- State
- Maryland
- Longitude
- -75.9501682
- Latitude
- 38.1291407
