Waterfront
Address
527 Poplar Street Cambridge, MD
Price
$ 849,000
Property Attributes
  • MLS#MDDO124394
  • TypeCommercial
  • CountyDORCHESTER
  • CityCambridge
  • Zip21613
  • StyleRestaurant/Bar
  • Year Built1920
  • Taxes10461
  • Price$ 849,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage11117
  • Lot Size10,454 SqFt
Listing Provided Courtesy Of:
Rinnier Development Co
Data Source:
Bright MLS
Property Description

Successful full-service restaurant and bar (including an additional storefront that can be used to augment Jimmie and Sooks or can be used for an additional income stream) located in the historic downtown of a waterfront community on the Eastern Shore of Maryland. Centrally located about an hour and a half east of Baltimore and Washington DC, the same distance west of Ocean City and the Maryland and Delaware beaches and just a few miles from the Hyatt Regency Chesapeake Bay Resort. Restaurant opened for business in January of 2009 in a leased space of about 3,000 SF and achieved significant growth year after year enabling them to move and expand the operations after only two and a half years. The restaurant is now housed in a 2 story 11,000 + SF building. The 2nd floor can be used for large events or could be transformed into residential apartments or office space for additional income. The right investor could also transform the 2nd floor into their own residence and live above their business. In 2011 the building was completely renovated and brought up to code including state of the art, high-efficiency HVAC and Hood systems, complete change out of all electric panels, wiring, outlets and fixtures including cost-saving LED bulbs. Also installed in 2011 was, all new plumbing including lines, fixtures and grease trap, complete sprinkler system with four levels of coverage, fire alarm and security systems including 18 cameras and monitor, four bathrooms with six women stalls and four men stalls and all new surfaces including walls, flooring and ceilings along with numerous other renovations and additions including a 1000 SF outdoor patio complete with landscaping and a pond with a waterfall. The average adjusted net income since opening is around $300,000. This is truly a turn-key opportunity in every facet of the business including not only all the assets required but also the operational resources essential in running a successful restaurant.

Price History
10/9/2019 Listed $849,000

General Features

Accessibility Level Entry - Main
Business Type Restaurant/Bar
Construction Materials Block
Cool Fuel Other
Cooling Other
County DORCHESTER
Days on Market 551
Heating Other
New Construction No
Ownership Fee Simple
Possession Negotiable
Price Per Sq Ft 76.37
Property SubType Retail
Property Type Commercial Sale
Sewer Public Sewer
Tax Annual Amount 10461.0
Tax Lot 10
Tax Year 2020
Total Units 2
Vacation Rental Y/N No
Water Access Y/N No
Zoning C-2

Interior Features

Central Air Y/N No
Heating Fuel Other
Heating Y/N Yes
Hot Water Other

Exterior Features

Building Area Total 11117.00
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.24
Lot Size Source Assessor
Lot Size Square Feet 10315.00
Navigable Water Y/N No
Type of Parking None
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 21613

Price
AVG $390K
$850K
Taxes
AVG $5,472
$10,461
Visits
AVG 91
139
Year Built
AVG 1963
1920
Walkscore
AVG 38
81
Data Provided by Walkscore ® not using MLS data

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