For Sale
$625,000

120 Solomons Island Rd Prince Frederick, MD 20678

Established Eatery, High NOI, Excellent Reviews

Overview

Added:
Dec 11, 2024
Days on market:
138
This thriving restaurant in Prince Frederick, Maryland, presents a unique owner-user investment opportunity. Located at 120 Solomons Island Rd S, 20678, this 1,241 square foot establishment boasts a strong reputation, evidenced by its 4.6-star Google rating and over 300 reviews. The business, EZ THAI, is known for its high-quality food and exceptional staff, contributing to year-over-year increases in net operating income (NOI). The current NOI stands at $168,000, resulting in a compelling 26.88% capitalization rate. Built in 1960, the property is zoned for commercial use and is offered at an asking price of $625,000 ($503.63 per square foot). The owner is offering hands-on training to ensure a smooth transition for the new owner. Franchise processes have already been initiated, presenting additional growth potential. This turnkey operation is ideal for experienced restaurateurs, culinary experts, or aspiring entrepreneurs seeking a proven business model. The property is situated in Calvert County, MD, providing convenient access to a loyal customer base. This is an exceptional opportunity to acquire a well-established, profitable restaurant with significant upside.

Highlights

  • $625,000 asking price for this established restaurant.
  • 1,241 square foot retail space in a commercial building.
  • Owner/user investment opportunity with a 26.88% cap rate.
  • Strong NOI of $168,000.
  • Located at 120 Solomons Island Rd S, Prince Frederick, MD 20678.
  • Built in 1960.

Property Details for 120 Solomons Island Rd

Property type
Retail properties, Restaurants
Square Feet
1,241 SF
Year Built
1960

Location Insight

City
Prince Frederick
County
Calvert
State
Maryland
Latitude
38.5360044
Longitude
-76.5856588

FAQs

What type of property is this?
Retail property - Established Eatery, High NOI, Excellent Reviews
Where is the retail property located?
The property is located at 120 Solomons Island Rd Prince Frederick, MD.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: $625,000 asking price for this established restaurant.; 1,241 square foot retail space in a commercial building.; Owner/user investment opportunity with a 26.88% cap rate.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
120 Solomons Island Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message