21400 Leiter St, Hagerstown, MD 21742

$600,000

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List Price
$600,000
Days on Market
11
Status
ACTIVE
MLS#
MDWA2037552
Lot Size (Acres)
0.22
Year Built
1900
County
Washington
School District
Washington County Public Schools

Property Description

Rare opportunity to own a well-established, TURNKEY tavern and restaurant property in the heart of Leitersburg. Exceptionally clean, well-maintained, and in great condition, this property is ready for its next owner to step in and begin operating immediately. The sale includes the real estate, business, Class D Liquor License, all furniture, fixtures, equipment, kitchen equipment, bar equipment, décor, and other business assets currently located on the property, unless specifically excluded by the Seller. The main level features a spacious bar area, dedicated band and entertainment space, separate lounge area, two restrooms, kitchen, and walk-in cooler. Step outside onto the covered rear deck overlooking the outdoor entertainment area. Guests will enjoy the outdoor bar, Tiki Bar, and additional seating areas, creating the perfect setting for dining, live music, special events, and seasonal gatherings. The second floor offers two income-producing apartments, including a 2-bedroom, 1-bath unit and a 1-bedroom, 1-bath unit, providing additional rental income and investment potential. The property also offers abundant storage space in both the attic and basement, providing ample room for inventory, equipment, supplies, and business operations. Ample parking is available in both the front and rear of the property. Whether you're an experienced operator looking to expand an existing operation or an entrepreneur seeking a turnkey hospitality opportunity, this unique property offers multiple income streams and exceptional potential. Several members of the current staff have expressed interest in remaining with the business, providing the potential for a seamless transition for the new owner, if mutually agreeable.

Additional Information

Taxes
$1751
School District
Washington County Public Schools
Elementary School
Old Forge
Middle School
Smithsburg
High School
Smithsburg Sr.
Heating
Heat Pump(s), 90% Forced Air, Baseboard - Electric
Heating Fuel
Oil
Cooling
Central A/C
Roof
Asphalt, Metal
Water
Cistern
Sewer
On Site Septic

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Calculator source: Real Geeks

Listing courtesy of RE/MAX Results. Contact: (301) 698-5005