For Sale
$1,300,000

8700 Chestnut AveBowie, MD 20720

Prime location, 2976 sq ft, vacant

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional freestanding restaurant/bar, located at 8700 Chestnut Ave in Old Town Bowie, MD, presents a unique investment opportunity. The 2,976 square foot building, constructed in 1940 and renovated in 2019, sits on a generous .52-acre lot zoned MUI. Its prime corner location is adjacent to a park, offering a picturesque setting and ample natural light. The property boasts a private parking lot, adding significant convenience for patrons. Inside, the fully equipped space includes a bar, kitchen hoods, grease trap, and walk-in coolers – all ready for a new operator. The existing infrastructure is ideal for a seamless transition, minimizing start-up costs. The affluent surrounding neighborhood, with median household incomes exceeding $141,000 within one mile and $114,000 within five miles, ensures a strong potential customer base. This is a rare chance to acquire a turn-key restaurant/bar in a highly desirable location. The asking price is $1,300,000 ($436.83 per square foot). Don't miss this chance to own a piece of Old Town Bowie.

Highlights

  • Back on the market; contract fell through.
  • Rare freestanding, second-generation restaurant/bar in Old Town Bowie, MD.
  • 2,976 SF building on a 0.52-acre lot, MUI zoning.
  • Prime corner location adjacent to a park with private parking.
  • Fully equipped with bar, kitchen, hoods, grease trap, and walk-in coolers.
  • Affluent area with median household incomes exceeding $141,000 within one mile.

Property Details for 8700 Chestnut Ave

Property type
Retail properties, Restaurants
Square Feet
2,976 SF
Year Built/Renovated
1940/2019
Buildings
1
Stories
1
Lot Size (sq. ft)
2,265,120 SF

Location Insight

City
Bowie
County
Prince George's
State
Maryland
Latitude
39.0085532
Longitude
-76.7792226
8700 Chestnut Ave, Bowie, Maryland

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8700 Chestnut Ave
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