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19948969
19948986

8305 Ocean Gateway, Easton, MD 21601

TM
MD 576958
Benson & Mangold Real Estate
Listed by Benson & Mangold Real Estate
$499,000
635 days on market
Updated 148 days ago

8305 Ocean Gateway

Details
APN 2101022970
Property Type Business for Sale
Sub Type Business Only
Square Footage 3,850
NOI $150,000
Lease Type NNN
Broker Co-Op Yes
Class B
Year Built 2007
Year Renovated 2022
Buildings 1
Stories 1
Zoning C
Investment Type Owner/User
Tenant Credit Corporate Guarantee
Ownership LLC

Business for Sale | 3,850 SF

Marketing description

This operation is in just it's second year of operation and about to hit it's stride. Recently renovated high visibility and high traffic count highway corner location. Sky is the limit on this newly renovated restaurant Corner Lot on US 50 (Ocean Gateway). 35,000 cars go by the front and 11,000 cars go by the side of this property everyday. 3,850 square foot building with a large kitchen with multiple Hoods, Walk Ins - Refrigerator and Freezer, and Sinks. More than ample electrical supply, two large commercial bathrooms, and an accessory storage building make this property "Turn Key" for the next operator. Fresh opportunity for a Mexican / Italian operator to step right in and take over a corner location in Easton MD.

Listing Contacts

TM
MD 576958
Benson & Mangold Real Estate
Listed by Benson & Mangold Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$150,000.00
$12,500.00/mo

Valuation Metrics

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DSCR
30.06%
Cap Rate
30.06%
ROI

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