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    OFF-MARKET
    Grocery and convenience stores

    8952 Deal Is Rd, Deal Island Historic District, MD 21821

    2,400 SF 0.64 ac lot Built 1987
    Property ID
    US40-1255334
    Property summary
    AI-generated overview

    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
    Verified
    Property type Grocery and convenience stores
    Year built 1987
    Total area 2,400 SF
    Lot 0.64 ac (28,009 SF)
    UPID US40-1255334
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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