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7456 Gumboro Road, Pittsville, MD 21850
$725,000
7456 Gumboro Road, Pittsville, MD 21850View this property at 7456 Gumboro Road, Pittsville, MD 21850
7456 Gumboro RoadPittsvilleMD21850
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Property Description
Locally Famous Neighborhood Restaurant and Bar building with 100 indoor seats, and additional outdoor seating. Plenty of parking are included in the sale of this fully equipped building with Keno and more. Sit back and relax as you let the current tenants continue the areas popular spot, or take over with your own establishment once the lease expires in 1.5 years. Tenant has option for 5 year renew that could make this a passive property, but tenant is willing to forgo option if new owner wishes to operate establishment as owner operator.
Full Property Details
Full Property Details for 7456 Gumboro Rd
General
- Price: $725,000
- Taxes: $3,962 (2023)
- Status: Under Contract
- Type: Business
- MLS ID: MDWC2012596
- Updated: 5/3/2024
- Added to Site: 85 day(s) ago
Business
- Business Type: Restaurant/Bar
Interior
- Flooring: Concrete
Parking
- Total Spaces: 26
- Parking Type: Parking Lot
Location
- Area: Wicomico Northeast (23-02)
- Municipality: PITTSVILLE
- County: Wicomico
- Driving Directions: Route 50 West Turn Right win Friendship Rr.
- City Limits: Yes
Heating & Cooling
- Central air: Yes
- Cooling Type: Zoned, Central A/C
- Cooling Fuel: Electric
- Heating Type: Heat Pump(s)
- Heating Fuel: Electric
- Water Heater: Bottled Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable TV, Phone, Propane, Sewer Available, Water Available
Structural Information
- Construction: Brick
- Foundation: Block
- Roof: Asphalt
- # Loading Docks: 1
- Stories/Levels: 0
- Year Built: 1900
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 1.4
- Lot Size (Sq. Ft.): 60,984
- Lot Size Source: Estimated
- Street/Road Desc.: US Highway/Interstate
- Lot Features: Cleared, Corner
- Zoning: C
- Lot Description: Cleared, Corner
Financial Considerations
- Price Per Sq. Ft.: $185.9
- Tax w/Assessment: $395,000
- Tax Amount: $3,962
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
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Schools
Schools serving 7456 Gumboro Rd
School District:Wicomico County Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
34404 Old Ocean City Rd, Pittsville, MD 21850 | 3-8 | 0.4 mi | |
Willards Elementary School
36161 Richland Rd, Willards, MD 21874 | PK-2 | 3.1 mi | |
1015 Beaglin Park Dr, Salisbury, MD 21804 | 9-12 | 9.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7456 Gumboro Rd
Date
Details
Price
Change
Source
2/23/2024
Listed
$725,000
9.85%
MLS
1/10/2022
Sold
$660,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 7456 Gumboro Rd
Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,942
37%
$395,233
40%
2022
$2,868
7%
$281,500
3%
2019
$2,681
-2%
$273,067
3%
2021
$2,749
2%
$264,633
3%
2020
$2,701
-1%
$256,200
—
2019
$2,715
—
$256,200
—
2018
$2,715
-16%
$256,200
-15%
2017
$3,233
—
$302,100
—
2016
$3,233
—
$302,100
—
2015
$3,233
-7%
$302,100
-11%
2014
$3,485
—
$340,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7456 Gumboro Rd
7456 Gumboro Road, Pittsville, MD 21850 (MLS# MDWC2012596) is a Business property. 7456 Gumboro Road is currently listed for $725,000 and was received on February 23, 2024. This property is listed by Shawn Kotwica from our Ocean City - 123rd Office.Want to learn more about 7456 Gumboro Road? Do you have questions about finding other Business real estate for sale in Pittsville? You can browse all Pittsville real estate or contact a Coldwell Banker agent to request more information.