400 Center StWestminster, MD 21157

Property Details for 400 Center St

Year built

1987

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

52.80 AC

Property size (Sq ft)

81,212 SF

Zone code

PLANN

Property type

Retail properties

Property subtype

Other retail properties

APN

07-090390

APU

7090390

Description

This thriving pizzeria and Italian restaurant in Westminster, MD, presents a unique turnkey opportunity. Located in the heart of the Westminster Mall, this single-unit, 1-story establishment boasts a prime location with high foot traffic and a loyal customer base. The spacious interior offers ample seating and includes a private bathroom. The asking price is $85,000, and the sale includes all necessary equipment and furniture for immediate operation. The current monthly lease for the mall space is $1,100. This well-established business is zoned for commercial use and represents an affordable investment for entrepreneurs seeking to enter the restaurant industry or expand their existing portfolio. The property is situated at 400 N Center St, Westminster, MD 21157, within Carroll County. This is a rare chance to acquire a profitable, established restaurant in a vibrant community. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $18,137,322

  6.5%

  $16,742,143

  7%

  $15,546,276

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,874,798

  Geo Method

  $12,874,798

• Alternative Use

  Use

  Valuation

  Residential

  $14,122,624

  Hospitality

  $12,936,248

  Educational

  $10,762,806

  Medical

  $11,132,956

  Retail

  $16,742,143

Location Insight

City

Westminster

County

Carroll

State

Maryland

Latitude

39.5787

Longitude

-76.9831

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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