Property summary
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.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
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Zoning
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