8831 Chesapeake AveNorth Beach, MD 20714

Property Details for 8831 Chesapeake Ave

Year built

1999

Construction

BRICK

Lot size

0.08 AC

Property size (Sq ft)

1,368 SF

Zone code

C

Property type

Drive through restaurants

APN

03-168379

APU

3168379

Description

This established restaurant, Dairy Freeze, is for sale for the first time in over two decades. Located at 8831 Chesapeake Ave in North Beach, Maryland, this 1,368 square foot, single-story building sits on a 0.08-acre lot with prime road frontage. The property boasts over 8,000 cars passing daily, offering excellent visibility and accessibility. Enjoy stunning water views of the Chesapeake Bay. The restaurant features both indoor and outdoor dining areas, a convenient walk-up service window, and two walk-in refrigeration units. A spacious kitchen is adaptable to various culinary concepts. Ample staff parking is available on-site. The sale includes all furniture, fixtures, and equipment, making this a true turnkey opportunity. The property is zoned C and offers a fee simple ownership. Built in 1999, this is a rare chance to acquire a well-established restaurant in the desirable Chesapeake/North Beach area. The asking price is $870,000.

• CAP approach

  CAP return

  Valuation

  6%

  $325,020

  6.5%

  $300,018

  7%

  $278,588

• Comparable approach

  Method

  Valuation

  Relative Method

  $201,381

  Geo Method

  $575,744

• Alternative Use

  Use

  Valuation

  Residential

  $253,077

  Hospitality

  $231,817

  Educational

  $192,869

  Medical

  $199,502

  Retail

  $300,018

Location Insight

City

North Beach

County

Calvert

State

Maryland

Latitude

38.7038

Longitude

-76.5332

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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