2235 Churchville RdBel Air, MD 21015

Property Details for 2235 Churchville Rd

Year built

1950

Construction

BRICK

Lot size

0.84 AC

Property size (Sq ft)

2,688 SF

Zone code

B2

Property type

Turn key restaurants

APN

03-030849

APU

3030849

Description

This exceptional investment opportunity presents a thriving restaurant and bar located at 2235 E Churchville Rd, Bel Air, MD 21015. The property boasts 2,688 square feet on a 0.85-acre lot, strategically positioned on a high-traffic road with over 23,000 cars passing daily. Built in 1950, the building features brick and siding exterior with block construction, zoned B2. The property includes a fully equipped kitchen, an updated bar area, and a convenient outdoor patio. Ample parking is available with over 45 spaces on-site. The current lease conveys with the sale, offering immediate income potential. Heating is provided by a zoned hot water system, and cooling is via central air conditioning. This turnkey operation is a rare find, offering a strong return on investment in a desirable location. Showings are available only during the establishment's off-hours to avoid disruption. The asking price is $799,000. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $656,442

  6.5%

  $605,946

  7%

  $562,665

• Comparable approach

  Method

  Valuation

  Relative Method

  $500,556

  Geo Method

  $426,137

• Alternative Use

  Use

  Valuation

  Residential

  $511,138

  Hospitality

  $468,200

  Educational

  $389,537

  Medical

  $402,934

  Retail

  $605,946

Location Insight

City

Bel Air

County

Harford

State

Maryland

Latitude

39.5548

Longitude

-76.2806

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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