1221 Eastern BlvdEssex, MD 21221

Property Details for 1221 Eastern Blvd

Construction

BRICK

Lot size

1.71 AC

Property size (Sq ft)

5,700 SF

Zone code

BL

Property type

Healthcare properties

Property subtype

Medical offices

APN

15-2000008377

APU

152000008377

Description

This exceptional investment opportunity presents a thriving Chinese restaurant for sale in Essex, Maryland. Located at 1221 Eastern Blvd, this end-unit establishment boasts a remarkable 35-year history and a loyal customer base. The 1,250 square foot space is currently 100% occupied and features ample parking with 89 spaces available. The business operates under a net lease with a remaining term of 6 years and includes three tenants. The asking price is $80,000, representing a price per square foot of $64. Financial records demonstrate consistent profitability, even with the current owner's partial retirement. This well-equipped restaurant offers a turnkey operation with significant potential for growth under new ownership. The existing customer base and strong reputation provide a solid foundation for continued success. The business benefits from its advantageous location and established presence within the community. This is a rare opportunity to acquire a profitable, established restaurant with a proven track record and significant upside potential. The property is situated in Baltimore County, Maryland, zip code 21221. This is a multi-tenant property with a strong history of success. The opportunity to acquire a business with such a long and successful history is rare and should not be missed.

• CAP approach

  CAP return

  Valuation

  6%

  $1,229,052

  6.5%

  $1,134,509

  7%

  $1,053,473

• Comparable approach

  Method

  Valuation

  Relative Method

  $358,587

  Geo Method

  $358,587

• Alternative Use

  Use

  Valuation

  Residential

  $1,406,792

  Hospitality

  $1,288,613

  Educational

  $1,072,111

  Medical

  $1,108,983

  Retail

  $1,667,729

Location Insight

City

Baltimore

County

Baltimore

State

Maryland

Latitude

39.3152

Longitude

-76.4603

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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