For Sale
$499,000

8305 Ocean GtwyEaston, MD 21601

Easton, MD Restaurant - $499,000

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional turnkey business opportunity in Easton, Maryland, presents a rare chance to acquire a thriving restaurant. Located on a high-visibility corner lot at 8305 Ocean Gateway (US 50), this property boasts impressive daily traffic counts: 35,000 cars pass the front and 11,000 cars pass the side. The 3,850-square-foot building, constructed in 2007 and extensively renovated in 2022, features a large, well-equipped kitchen with multiple hoods, ample walk-in refrigeration and freezer space, and numerous sinks. The property also includes two large commercial bathrooms and a separate storage building. The building is zoned C and operates under a NNN lease with a corporate guarantee. The substantial Net Operating Income (NOI) of $150,000 reflects the strong performance of this established business, which is currently in its second year of operation. This is an owner/user investment opportunity within a Class B building, offering significant potential for growth and return. The property's prime location and recent renovations make it an ideal acquisition for a savvy investor seeking a high-traffic, established business with immediate income potential. The LLC ownership structure provides a streamlined transition process. The APN is 2101022970.

Property Details for 8305 Ocean Gtwy

Property type
Square Feet
3,850 SF
Class
B
Year Built/Renovated
2007/2022
Buildings
1
Stories
1

Location Insight

City
Easton
County
Talbot
State
Maryland
Latitude
38.7770962
Longitude
-76.0597181
8305 Ocean Gtwy, Easton, Maryland

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8305 Ocean Gtwy
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