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$325,000

  • Sold
  • Closed
  • Business
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Just reduced! Restaurant with a large deck overlooking Betterton Beach. Views of the water where the Chesapeake Bay meets the Sassafras River. Betterton is known as "the jewel of the Chesapeake" and is a popular location for boaters and beachgoers. A restaurant is sorely missed in the area by the town and the tourists. Much of the equipment and furnishings convey with the property. The deck seats 45 guests while the indoor dining room and bar seat 72. 2 restrooms. Basement with equipment and storage. The building sits on a hill that overlooks the waterfront park with an expansive beach, bathhouses, fishing jetty, picnic site, and no jelly fish! The previous restaurant was very successful! Lots of possibilities with this site.

Full Property Details for 12 Ericsson Ave

General

  • Sold For: $325,000
  • Taxes: $3,361 (2024)
  • Status: Closed
  • Type: Business
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDKE2002906
  • Added to Site: 912 day(s) ago

Business

  • Business Type: Restaurant/Bar

Rooms

Bathrooms

  • Restrooms: 2

Parking

  • Total Spaces: 12
  • Parking Features: Paved Parking
  • Parking Type: Parking Lot

Location

  • Municipality: Betterton
  • County: Kent
  • Development Name: Rigbie Bluff
  • Subdivision: Rigbie Bluff
  • Driving Directions: Head towards Betterton on Rt292. At the beach, turn left. Restaurant will be on the left. Sign posted.
  • City Limits: Yes

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable TV

Structural Information

  • Construction: Vinyl Siding
  • Foundation: Concrete Perimeter
  • Roof: Architectural Shingle
  • Stories/Levels: 0
  • Year Built: 1991
  • Year Built Source: Assessor
  • Property Condition: Average

Unit Information

  • # Tenants: Single

Lot Features

  • Lot Size (Acres): 0.37
  • Lot Size (Sq. Ft.): 16,177
  • Lot Size Source: Assessor
  • Zoning: C-1

Water Features

  • Navigable Water: Yes
  • Water Access: Yes
  • Water Front Type: River
  • Water Front Name: Sassafras River

Financial Considerations

  • Price Per Sq. Ft.: $150.4
  • Assessment Year: 2024
  • City/TownTax: $736
  • City/TownTax Freq: Annually
  • County Tax: $2,625
  • County Tax Freq: Annually
  • Tax w/Assessment: $237,733
  • Tax Amount: $3,361
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot Number: 1

Listed by Coldwell Banker Chesapeake Real Estate Company, Lisa P Raffetto
Sold by Northrop Realty, Lee Friedman

Listing agent

— 12 Ericsson Ave —

  • Lisa P Raffetto

    Coldwell Banker Chesapeake Real Estate Company

Get Pre-Approved Today

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 12 Ericsson Ave

School District:Kent County Public Schools
NameGradesDistance
Kent County Middle School
402 East Campus Avenue, Chestertown, MD 21620
6-810.5 mi
Kent County High School
25301 Lambs Meadow Road, Worton, MD 21678
9-126.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 12 Ericsson Ave

Date
Details
Price
Change
Source
6/10/2024
Sold
$325,000
-14.25%
MLS
4/01/2024
Price Reduced
$379,000
-5.01%
MLS
8/15/2023
Price Reduced
$399,000
-4.55%
MLS
7/20/2023
Listed
$418,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Coldwell Banker Chesapeake Real Estate Company, Lisa P Raffetto
Sold by Northrop Realty, Lee Friedman

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12 Ericsson Avenue, Betterton, MD 21610 (MLS# MDKE2002906) is a Business property that was sold at $325,000 on June 10, 2024. Want to learn more about 12 Ericsson Avenue? Do you have questions about finding other Business real estate for sale in Betterton? You can browse all Betterton real estate or contact a Coldwell Banker agent to request more information.