120 Solomons Island RdPrince Frederick, MD 20678

Property Details for 120 Solomons Island Rd

Year built

1960

Property size (Sq ft)

1,241 SF

Property type

Retail properties

Property subtype

Restaurants

Description

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.

Location Insight

City

Prince Frederick

County

Calvert

State

Maryland

Latitude

38.536

Longitude

-76.5857

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