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1466 Snug Harbor Rd 2,990 SF 100% Leased Retail Building Shady Side, MD 20764 $700,000 ($234.11/SF)
Investment Highlights
- ±3,000 SF masonry building
- Existing grease trap
- Large retail picture windows
- Three electric meters, well, and sewer
- C-1 zoning
- One 1BR/1BA apartment with cherry cabinets and granite countertops, one 2BR/1BA apartment, and a paved lot
Executive Summary
Turnkey country diner with authentic small-town character. This inviting property also offers rare Multi-family income. This longtime gathering place known for its local charm having served the coastal community for generations is looking for a new owner. One apt is a 1/1 and the other is 2/1. The property has been well maintained and improved tastefully. Conveyed vacant at time of sale, the owner may consider rent back of the 2 apts.
Property Facts
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
2,990 SF
Building Class
B
Year Built
1962
Price
$700,000
Price Per SF
$234.11
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
0.66 AC
Zoning
C1B - Commercial
Parking
13 Spaces (4.35 Spaces per 1,000 SF Leased)
Frontage
150’ on Snug Harbor Rd
Amenities
- Fenced Lot
- Pylon Sign
- Restaurant
- Tenant Controlled HVAC
- Wheelchair Accessible
- Cafe
- Shower Facilities
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Driftwood Diner
- Accommodation and Food Services
- 1,500 SF
- $16.00
- Triple Net
- -
- guest
- Accommodation and Food Services
- 700 SF
- $3.00
- Full Service
- -
- guest 1
- Accommodation and Food Services
- 800 SF
- $3.00
- Full Service
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Driftwood Diner | Accommodation and Food Services | 1,500 SF | $16.00 | Triple Net | - | |
| guest | Accommodation and Food Services | 700 SF | $3.00 | Full Service | - | |
| guest 1 | Accommodation and Food Services | 800 SF | $3.00 | Full Service | - |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 07-000-00539130 | Improvements Assessment | $63,600 |
| Land Assessment | $304,000 | Total Assessment | $367,600 |
Property Taxes
Parcel Number
07-000-00539130
Land Assessment
$304,000
Improvements Assessment
$63,600
Total Assessment
$367,600
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1466 Snug Harbor Rd
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