Bugeye Grill | 14464-14470 Solomons Island Rd
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Bugeye Grill 14464-14470 Solomons Island Rd
10,600 SF 100% Leased Retail Building Solomons, MD 20688 $2,200,000 ($208/SF) 9% Cap Rate
Investment Highlights
- 17 Boat Slips
- Water views.
- Restaurant & Tiki Bar
Executive Summary
Offering includes 14470, 14464, and 14467 Solomons Island Road S. which includes the main building where the Bugeye Restaurant is located and the Tiki Bar area behind the main building, two duplex buildings, 17 slip marina on Back Creek, and a parcel adjacent to the public parking on the Patuxent side with pier.
Please note that this listing at 9% cap rate includes 4 residential units leased out, seasonal marina, and the restaurant.
Please note that this listing at 9% cap rate includes 4 residential units leased out, seasonal marina, and the restaurant.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
10,600 SF
Building Class
B
Year Built
1988
Price
$2,200,000
Price Per SF
$208
Cap Rate
9%
NOI
$198,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.65
Lot Size
0.38 AC
Zoning
TC - Commercial zoning
Parking
40 Spaces (3.77 Spaces per 1,000 SF Leased)
Frontage
103 FT on S Solomons Island Rd
Amenities
- Air Conditioning
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $0 | |
Land Assessment | $0 | Total Assessment | $1,503,933 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,503,933
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Bugeye Grill | 14464-14470 Solomons Island Rd
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