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Listing Details

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On Market
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MLS #
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School Ratings & Info

Description

This 1440 SF free-standing retail/restaurant property is located within La Vale MD, the prime-retail area for 55 miles. Constructed in 2010, the site features prominent frontage to a heavily trafficked arterial rd, (13,260 AADT, SHA 2018) The considerable investment and permitting efforts associated with required stormwater drains, curb cuts, and drive-through has been made. This presents a rare opportunity for a savvy retail/restaurant tenant to enter the lucrative La Vale MD market at a lower cost and on a quicker timeline. Owner-occupied by the 1st generation tenant, Rita's Italian Ice, the business is currently in operation and available with the property at buyers option (currently closed for the season) Lease/ ground lease option available for highly qualified operators.

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Bowers Realty Group | Coldwell Banker. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-09-17T23:55:08.407.
www.bowersgroup.net/homes/114477258
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1055 National Highway LAVALE, MD 21502

  • Price: $825,000
  • Status: Active
  • Updated: 203 min ago
  • ID#: MDAL136264
0
Beds
0
Baths
0
½ Baths
1.16
Acres
2010
Built
Neighborhood:
Lavale - Allegany County (Mdal4)
County:
Allegany
Area:
Lavale - Allegany County (Mdal4)
School District:
Allegany County Public Schools
Property Description
This 1440 SF free-standing retail/restaurant property is located within La Vale MD, the prime-retail area for 55 miles. Constructed in 2010, the site features prominent frontage to a heavily trafficked arterial rd, (13,260 AADT, SHA 2018) The considerable investment and permitting efforts associated with required stormwater drains, curb cuts, and drive-through has been made. This presents a rare opportunity for a savvy retail/restaurant tenant to enter the lucrative La Vale MD market at a lower cost and on a quicker timeline. Owner-occupied by the 1st generation tenant, Rita's Italian Ice, the business is currently in operation and available with the property at buyers option (currently closed for the season) Lease/ ground lease option available for highly qualified operators.
Exterior Features

Construction Materials Metal Siding Garage YN No Parking Types Parking Lot Property Condition Excellent Riparian Rights YN No Roof Metal Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 1440.00 Cooling Central A/C Heating 90% Forced Air Heating YN Yes Net Square Feet 1440.00 Security Features Electric Alarm

Property Features

Accessibility Features Level Entry - Main Assessment Year 2021 Association YN No Business Type Restaurant/Bar Central Air YN Yes Cooling Fuel Electric Electric 200+ Amp Service Heating Fuel Natural Gas Hot Water Electric Navigable Water YN N New Construction YN No Number Of Units Total 1 Original MLSNumber 304491308492 Ownership Interest Fee Simple Possession Settlement Property Sub Type Retail Sale Type Standard Sewer Public Sewer Tax Annual Amount 6296.00 Tax Assessment Amount 521100.00 Utilities Sewer AvailableWater AvailableElectric Available Vacation Rental YN No Water Source Public Zoning A Zoning Description Commercial

Listing courtesy of Acre, Llc.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Bowers Realty Group | Coldwell Banker. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-09-17T23:55:08.407.
 
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Bowers Realty Group | Coldwell Banker
33012 Coastal Highway
Bethany Beach DE, 19930