38869 Morris Point Rd
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38869 Morris Point Rd
2,260 SF 100% Leased Retail Building Abell, MD 20606 £711,009 (£315/SF)
Investment Highlights
- Turnkey Restaurant
- Restaurant with 2 additional rental units that are currently rented
- Waterfront Restaurant
Executive Summary
Waterfront Restaurant for Sale - Turnkey Opportunity
Discover a unique chance to own a waterfront restaurant featuring 350 linear feet of prime waterfront access. This established restaurant comes complete with two piers and two rental trailers, offering an inviting atmosphere for patrons.
The property boasts a 1,300 SF main pier with exterior seating, a tiki bar, and five boat slips, complemented by an additional 400 SF fire marshal-approved permanent outdoor seating tent. Enjoy the convenience of an additional 140' accessory pier with five slips, a 400 SF block garage, and ample waterfront space.
Inside, the restaurant offers 500 SF of seating with a capacity for 37 guests, along with a private restroom. The kitchen area spans 300 SF and includes an existing liquor license, a Toast POS system, a Royal oven and stovetop, an Avantco fryer, a Delfield refrigerator, an Aventico fridge and prep table, a Kelvinator commercial freezer, an OBD fridge, a stainless steel prep table, and two commercial sinks with a Badger fire suppression system.
This turnkey restaurant is perfect for an owner-operator looking to capitalize on its waterfront location, existing rental income and established clientele. Don’t miss this exceptional opportunity!
Discover a unique chance to own a waterfront restaurant featuring 350 linear feet of prime waterfront access. This established restaurant comes complete with two piers and two rental trailers, offering an inviting atmosphere for patrons.
The property boasts a 1,300 SF main pier with exterior seating, a tiki bar, and five boat slips, complemented by an additional 400 SF fire marshal-approved permanent outdoor seating tent. Enjoy the convenience of an additional 140' accessory pier with five slips, a 400 SF block garage, and ample waterfront space.
Inside, the restaurant offers 500 SF of seating with a capacity for 37 guests, along with a private restroom. The kitchen area spans 300 SF and includes an existing liquor license, a Toast POS system, a Royal oven and stovetop, an Avantco fryer, a Delfield refrigerator, an Aventico fridge and prep table, a Kelvinator commercial freezer, an OBD fridge, a stainless steel prep table, and two commercial sinks with a Badger fire suppression system.
This turnkey restaurant is perfect for an owner-operator looking to capitalize on its waterfront location, existing rental income and established clientele. Don’t miss this exceptional opportunity!
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£20,830
|
£9.22
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£20,830
|
£9.22
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £20,830 |
| Annual Per SF | £9.22 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £20,830 |
| Annual Per SF | £9.22 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,260 SF
Building Class
C
Year Built/Renovated
1972/2022
Price
£711,009
Price Per SF
£315
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.05
Land Acres
0.99 AC
Zoning
RCL - Permits multiple business uses and property can be subdivided into 3 waterfront lots
Parking
25 Spaces (11.06 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Waterfront
PROPERTY TAXES
| Parcel Number | 07-021054 | Improvements Assessment | £275,871 (2024) |
| Land Assessment | £234,712 (2024) | Total Assessment | £510,583 (2024) |
PROPERTY TAXES
Parcel Number
07-021054
Land Assessment
£234,712 (2024)
Improvements Assessment
£275,871 (2024)
Total Assessment
£510,583 (2024)
-
Nick Stellway, CCIM -
O'Brien Realty
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38869 Morris Point Rd
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