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    8323 Bayside Road

    CHESAPEAKE BEACH, MD 20732
    • $1,000,000
    • STATUS: Active
    • ON SITE: 31 days
    • ID#: MDCA2000440
    $1,000,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    2017
    County:

    School Ratings & Info

    Description

    List price to be opening bid. Online only auction. Online registration & bidding begins Thursday, August 12th and ends Tuesday, August 17, 2021 at 12:00PM. BY ORDER OF THE BANKRUPTCY COURT, DISTRICT OF MARYLAND CASE NO. 19-24473. The "Mama Lucia by the Bay" restaurant was newly built in 2017 with unobstructed broadwater views of the Chesapeake Bay. It enjoys an excellent reputation with a 4.2/5 rating on Google Reviews with almost 450 responses. This sale includes the real estate as well as furniture, fixtures and equipment. In 2018 and 2019, it had approx. $1.4 million of gross sales in each year. In 2020, sales were approx. $1.13 million. In the first four months of 2021, it had approx. $428,000 in gross sales with the resort season just beginning. This is an excellent business opportunity to purchase a turn-key restaurant in a thriving waterfront resort community. The restaurant is surrounded by upscale condominiums and single family homes. Location: Chesapeake Beach is a thriving waterfront community in Calvert County, located in Southern Maryland. Its major attractions incldue a water park, marinas, piers, charter boats, the Chesapeake Beach Railway Station and the Chesapeake Beach Rail Trail. Also nearby is North Beach which includes a Boardwalk/Beach and Pier. Site and Improvements: The property comprises 5 separate tax accounts. They consist of Lots 6, 8, 10, 12, 14, 24, 26 and 28 of Block B of the Baycrest Subdivision in Chesapeake Beach. They are bordered on the north side by 29th St. A single unimproved lot known as Lot 1, Block 4 sits on the north side of 29th St. The total land area is 39,950 sq. ft. or 0.917 acre. The property is served by public water, sewer and natural gas. NOTE: The Seller is currently party to a License Agreement with the Town of Chesapeake Beach, whereby the Town has granted the Seller a non-exclusive license to use certain dedicated parking spaces along 29th Street. The License restricts its transfer absent the Town+GGs consent. The buyer is responsible for obtaining the Town+GGs consent for the transfer of the License. The restaurant was newly constructed in 2017 and comprises a one-story masonry building containing approx. 6,733 sq. ft. of building area. Seating capacity is for up to 341 guests. The restaurant is divided into 2 main dinng rooms, bar area, centrally located kitchen, 2 restrooms, and an outdoor bar with exterior seating area on the rear deck and rooftop. Additional features include a wet sprinkler fire alarm system and plank hardwood flooring. The property is zoned R-MD (Residential Medium Density). The present use is grandfathered in since the property had an existing use as a restaurant pre-2017. It is also within the Bonus Density Overlay District for the town of Chesapeake Beach. The restaurant currently has a Beer, Wine and Liquor License, Class B (On Sale) Hotels and Restaurants. The transfer of this liquor license is subject to the approval of the Board of Liquor License Commissioners of Calvert County as in the case of an original application and it shall be the sole responsibility of the purchaser to obtain said approval. In addition, in line with the Alcoholic Beverages Article of the Annotated Code of Maryland, any tangible personal property taxes, retail sales, amusement, admission, and/or withholding taxes must be paid to Calvert County and/or State of Maryland are to be paid by the purchaser. Manner of offering: The Real Estate, Furniture, Fixtures, Equipment, and Personalty will be offered as an entirety. Exclusions: The Restaurant name and phone number are not included with the sale of the assets. Leased equipment is not included with the sale. Additionally, certain equipment financed by BB&T Commercial Equipment Capital Corp is excluded from the auction, but is available for sale, free and clear of all liens with the consent of BB&T

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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 Dart Homes | Re/Max Realty Services. 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: 2021-08-01T23:51:31.853.
    www.darthomes.com/homes/118908846
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    8323 Bayside Road CHESAPEAKE BEACH, MD 20732

    • Price: $1,000,000
    • Status: Active
    • ID#: MDCA2000440
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    2017
    Built
    County:
    Calvert
    School District:
    Calvert County Public Schools
    Property Description
    List price to be opening bid. Online only auction. Online registration & bidding begins Thursday, August 12th and ends Tuesday, August 17, 2021 at 12:00PM. BY ORDER OF THE BANKRUPTCY COURT, DISTRICT OF MARYLAND CASE NO. 19-24473. The "Mama Lucia by the Bay" restaurant was newly built in 2017 with unobstructed broadwater views of the Chesapeake Bay. It enjoys an excellent reputation with a 4.2/5 rating on Google Reviews with almost 450 responses. This sale includes the real estate as well as furniture, fixtures and equipment. In 2018 and 2019, it had approx. $1.4 million of gross sales in each year. In 2020, sales were approx. $1.13 million. In the first four months of 2021, it had approx. $428,000 in gross sales with the resort season just beginning. This is an excellent business opportunity to purchase a turn-key restaurant in a thriving waterfront resort community. The restaurant is surrounded by upscale condominiums and single family homes. Location: Chesapeake Beach is a thriving waterfront community in Calvert County, located in Southern Maryland. Its major attractions incldue a water park, marinas, piers, charter boats, the Chesapeake Beach Railway Station and the Chesapeake Beach Rail Trail. Also nearby is North Beach which includes a Boardwalk/Beach and Pier. Site and Improvements: The property comprises 5 separate tax accounts. They consist of Lots 6, 8, 10, 12, 14, 24, 26 and 28 of Block B of the Baycrest Subdivision in Chesapeake Beach. They are bordered on the north side by 29th St. A single unimproved lot known as Lot 1, Block 4 sits on the north side of 29th St. The total land area is 39,950 sq. ft. or 0.917 acre. The property is served by public water, sewer and natural gas. NOTE: The Seller is currently party to a License Agreement with the Town of Chesapeake Beach, whereby the Town has granted the Seller a non-exclusive license to use certain dedicated parking spaces along 29th Street. The License restricts its transfer absent the Town+GGs consent. The buyer is responsible for obtaining the Town+GGs consent for the transfer of the License. The restaurant was newly constructed in 2017 and comprises a one-story masonry building containing approx. 6,733 sq. ft. of building area. Seating capacity is for up to 341 guests. The restaurant is divided into 2 main dinng rooms, bar area, centrally located kitchen, 2 restrooms, and an outdoor bar with exterior seating area on the rear deck and rooftop. Additional features include a wet sprinkler fire alarm system and plank hardwood flooring. The property is zoned R-MD (Residential Medium Density). The present use is grandfathered in since the property had an existing use as a restaurant pre-2017. It is also within the Bonus Density Overlay District for the town of Chesapeake Beach. The restaurant currently has a Beer, Wine and Liquor License, Class B (On Sale) Hotels and Restaurants. The transfer of this liquor license is subject to the approval of the Board of Liquor License Commissioners of Calvert County as in the case of an original application and it shall be the sole responsibility of the purchaser to obtain said approval. In addition, in line with the Alcoholic Beverages Article of the Annotated Code of Maryland, any tangible personal property taxes, retail sales, amusement, admission, and/or withholding taxes must be paid to Calvert County and/or State of Maryland are to be paid by the purchaser. Manner of offering: The Real Estate, Furniture, Fixtures, Equipment, and Personalty will be offered as an entirety. Exclusions: The Restaurant name and phone number are not included with the sale of the assets. Leased equipment is not included with the sale. Additionally, certain equipment financed by BB&T Commercial Equipment Capital Corp is excluded from the auction, but is available for sale, free and clear of all liens with the consent of BB&T
    Exterior Features

    Construction Materials Stucco Garage YN No Parking Types Parking Lot Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 6733.00 Cooling Central A/C Heating Heat Pump(S) Heating YN Yes Net Square Feet 6733.00

    Property Features

    Accessibility Features Other Assessment Year 2021 Association YN No Business Type Restaurant/Bar Central Air YN Yes Cooling Fuel Electric Heating Fuel Natural Gas Hot Water Other Municipality Chesapeake Beach Navigable Water YN N New Construction YN No Number Of Units Total 1 Original MLSNumber 800816700436 Ownership Interest Fee Simple Possession Settlement Property Sub Type Other Sale Type AuctionBankruptcy Sewer Public Sewer Tax Annual Amount 17402.00 Tax Assessment Amount 1658800.00 Tax Lot 6 Vacation Rental YN No Water Source Public Zoning C

    Listing courtesy of Alex Cooper Auctioneers, Inc..


    ©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 Dart Homes | Re/Max Realty Services. 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: 2021-08-01T23:51:31.853.
     
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