$1,800,000
$1,995,000
9.8%For more information regarding the value of a property, please contact us for a free consultation.
9200 CHESAPEAKE AVE North Beach, MD 20714
4,236 SqFt
Key Details
Sold Price $1,800,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 4,236 sqft
Price per Sqft $424
MLS Listing ID MDCA2002738
Sold Date 07/19/22
Originating Board BRIGHT
Year Built 1940
Annual Tax Amount $6,153
Tax Year 2022
Lot Size 5,750 Sqft
Acres 0.13
Property Description
Incredible opportunity awaits! Own an established turn-key hospitality complex - restaurant and guest quarters- situated one block from the Chesapeake Bay in the historic and charming resort town of North Beach, MD, a beach community near multiple wedding venues and the cities of Annapolis, Alexandria, Baltimore, and Washington DC. The Westlawn Inn is an award-winning family owned and operated fine dining restaurant, bar, and live music venue. Built in 1926 and renovated by the current owners in 2004, the Arts & Crafts style building has the look and feel reminiscent of days gone by. The restaurant currently provides more than 80 indoor seats in dining rooms on two levels, and more than 40 additional seats on the wraparound veranda. Adjoining the restaurant, The Guest Quarters at the Inn is a newly constructed vacation rental site. This spacious five-unit building boasts special hand-crafted detailed trim work that reflects the historic architecture of the restaurant, while providing modern amenities. The Guest Quarters has an established clientele and has multiple 2022 bookings already in place. Also, a major attribute included with this unique property are two multi-car off-street parking lots which are a major premium in this small town. A single-family cottage (currently a residence but also zoned as commercial) is also part of the complex and is currently on a yearly lease. This structure presents considerable opportunity to add to the possibilities of the corner property. The essence and charm of North Beach draws both tourism and local resident support and provides a relaxing and friendly lifestyle with easy access to an outstanding boardwalk, marinas, water park, antique shops, and more. Included in the purchase price are the following addresses: 9200 Chesapeake Avenue, 9206 Chesapeake Avenue, 4101 7th Street and 4038 7th Street. Please contact us today for detailed property information. 100% interest purchased by a partner.
Location
State MD
County Calvert
Zoning OTHER
Interior
Hot Water Propane
Heating Heat Pump(s)
Cooling Central A/C
Heat Source Electric
Exterior
Garage Spaces 15.0
Water Access N
Accessibility Other
Road Frontage City/County
Total Parking Spaces 15
Garage N
Building
Lot Description Corner
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Calvert County Public Schools
Others
Tax ID 0503050823
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Laura E Peruzzi • RE/MAX One