120 Solomons Island RdPrince Frederick, MD 20678

For Sale
$625,000

Established Eatery, High NOI, Excellent Reviews

Overview

Added:
Dec 11, 2024
Days on market:
93
This thriving restaurant in Prince Frederick, Maryland, presents a unique owner-user investment opportunity. Located at 120 Solomons Island Rd S, 20678, this 1,241 square foot establishment boasts a strong reputation, evidenced by its 4.6-star Google rating and over 300 reviews. The business, EZ THAI, is known for its high-quality food and exceptional staff, contributing to year-over-year increases in net operating income (NOI). The current NOI stands at $168,000, resulting in a compelling 26.88% capitalization rate. Built in 1960, the property is zoned for commercial use and is offered at an asking price of $625,000 ($503.63 per square foot). The owner is offering hands-on training to ensure a smooth transition for the new owner. Franchise processes have already been initiated, presenting additional growth potential. This turnkey operation is ideal for experienced restaurateurs, culinary experts, or aspiring entrepreneurs seeking a proven business model. The property is situated in Calvert County, MD, providing convenient access to a loyal customer base. This is an exceptional opportunity to acquire a well-established, profitable restaurant with significant upside.

Highlights

  • $625,000 asking price for this established restaurant.
  • 1,241 square foot retail space in a commercial building.
  • Owner/user investment opportunity with a 26.88% cap rate.
  • Strong NOI of $168,000.
  • Located at 120 Solomons Island Rd S, Prince Frederick, MD 20678.
  • Built in 1960.

Property Details for 120 Solomons Island Rd

Property type
Other retail properties, Restaurants
Square Feet
1,241 SF
Year Built
1960

Location Insight

City
Prince Frederick
County
Calvert
State
Maryland
Latitude
38.5360044
Longitude
-76.5856588
120 Solomons Island Rd, Prince Frederick, Maryland

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120 Solomons Island Rd
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