100 Delaware AveHurlock, MD 21643

Property Details for 100 Delaware Ave

Year built

1962

Construction

BRICK

Lot size

0.38 AC

Property size (Sq ft)

1,071 SF

Property type

Drive through restaurants

APN

15-003960

APU

15003960

Description

This exceptional retail opportunity presents a 1,200 square foot established carry-out restaurant situated on a highly visible 0.38-acre corner lot in Hurlock, Maryland. The property boasts an enviable location near several major employers, ensuring a consistent flow of potential customers. The high traffic count makes this an ideal location for a variety of businesses, capitalizing on the existing customer base and strong visibility. The sale includes all existing restaurant equipment, offering a turnkey operation for a new owner. The building is ready for immediate occupancy, allowing for a swift transition and commencement of operations. This is a rare chance to acquire a well-established business in a prime location with significant growth potential. The asking price is $225,000, and a deposit can be made upon the commencement of ownership. The property's strategic location and existing infrastructure provide a solid foundation for continued success. This is a unique opportunity to own a thriving business in a desirable Maryland town. The property's corner lot provides excellent visibility and accessibility, further enhancing its appeal to potential customers. The inclusion of all equipment simplifies the transition process for the new owner, minimizing start-up costs and maximizing efficiency. Don't miss this chance to own a piece of Hurlock's thriving commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $339,471

  6.5%

  $313,357

  7%

  $290,975

• Comparable approach

  Method

  Valuation

  Relative Method

  $169,789

  Geo Method

  $169,789

• Alternative Use

  Use

  Valuation

  Residential

  $264,329

  Hospitality

  $242,124

  Educational

  $201,444

  Medical

  $208,372

  Retail

  $313,357

Location Insight

City

Hurlock

County

Dorchester

State

Maryland

Latitude

38.6295

Longitude

-75.8595

CBSA code

15700

CBSA name

CAMBRIDGE, MD MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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