Annapolis, MD - 30 yr Operating Restaurant & Real Estate for Sale
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The sale offering at 51 West Street is a rare opportunity to acquire a 100% leased, mixed-use, multi-tenanted, income-producing asset, AND a 25-year-old, currently operating restaurant business, in the heart of the Annapolis Arts District — one of the most culturally vibrant corridors in the region. The ±9,452 SF building spans four stories, including lower-level restaurant storage space, across five independent condominium units, with frontage and multiple means of egress on both West Street and Cathedral Street. Zoned Mixed Use, 51 West Street offers multiple paths to value: acquire the real estate and restaurant business together, purchase the real estate and bring a new restaurant concept to the retail storefront, purchase the fully leased real estate and hold as a stabilized investment, or leverage zoning for conversion to hotel, multifamily, or even look to sell off the individual condominiums. Reach out to the listing agrent/ brokers for access to the data room.
About the Business
- Years in Operation
- 31
- Facilities & Assets
- The sale offering at 51 West Street is a rare opportunity to acquire a 100% leased, mixed-use, multi-tenanted, income-producing asset, AND a 25-year-old, currently operating restaurant business, in the heart of the Annapolis Arts District — one of the most culturally vibrant corridors in the region. The ±9,452 SF building spans four stories, including lower-level restaurant storage space, across five independent condominium units, with frontage and multiple means of egress on both West Street and Cathedral Street. Zoned Mixed Use, 51 West Street offers multiple paths to value: acquire the real estate and restaurant business together, purchase the real estate and bring a new restaurant concept to the retail storefront, purchase the fully leased real estate and hold as a stabilized investment, or leverage zoning for conversion to hotel, multifamily, or even look to sell off the individual condominiums.
- Website
- Show Website URL
- Market Outlook / Competition
- Irreplaceable Location, 30 years of operating history, and consistent sales.
- Opportunities for Growth
- More Hands-on Ownership. Current Ownership has a lot of projects and has not been as hands-on here for a few years.
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
- Building Sq. Ft.
- 9,452
About the Sale
- Seller Motivation
- Seller is looking to reclaim some time in their life after 30 years of operation
- Transition Support
- Full Ownership Transition is Available Upon Request.
- Financing Options
- Seller Financing in First or Second Lien Position available- subject to offer
Listing Info
- ID
- 2545180
- Listing Views
- 2
Business Location
Listing ID: 2545180 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
Businesses for SaleMaryland Businesses for SaleMaryland Food & Beverage Businesses for SaleMaryland Restaurants Businesses for Sale
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