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$4,050,000

  • Sold
  • Closed
  • Business
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This is a unique opportunity to own one of the busiest waterfront bars and restaurants on the Chesapeake Bay. A 2.5 acre site with 22 slips, full gas service, a six bedroom waterfront home, and a successful full service food & beverage marina that has been recently renovated. Ten hotel rooms, shop & garage. Package is being sold "Turn Key". Completely furnished including all furniture, fixtures and equipment. Only personal property being retained by the Seller.

Full Property Details for 21651 Lowes Wharf Rd

General

  • Sold For: $4,050,000
  • Taxes: $15,362 (2024)
  • Status: Closed
  • Type: Business
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDTA2008558
  • Added to Site: 537 day(s) ago

Business

  • Business Type: Hotel/Motel, Restaurant/Bar, Marina

Interior

  • Flooring: Tile/Brick

Rooms

Bathrooms

  • Restrooms: 15

Additional Information

  • Security/Safety: Smoke Detector, Surveillance Sys

Parking

  • Total Spaces: 79
  • Parking Type: Parking Lot

Location

  • County: Talbot
  • Driving Directions: Rt. 33 through St. Michaels, turn right on Lowes Wharf Road.

Heating & Cooling

  • Cooling Type: Heat Pump(s)
  • Cooling Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Water Heater: Propane

Utilities

  • Sewer: On Site Septic
  • Water: Well
  • Dist. to Water: 50 Feet
  • Utility Description: Cable TV

Structural Information

  • Construction: Block, Frame, Vinyl Siding
  • Foundation: Slab
  • Roof: Metal
  • Stories/Levels: 0
  • Year Built: 1940
  • Year Built Source: Estimated
  • Property Condition: Good

Unit Information

  • # Tenants: Multiple

Lot Features

  • Property View: Bay
  • Lot Size (Acres): 3.19
  • Lot Size (Sq. Ft.): 138,956
  • Lot Size Source: Assessor
  • Street/Road Desc.: Tar and Chip
  • Lot Features: Bulkheaded, Level, Rip-Rapped, Stream/Creek
  • Zoning: COMMERCIAL-MARINA
  • Lot Description: Bulkheaded, Level, Rip-Rapped, Stream/Creek

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Navigable Water: Yes
  • Water Access: Yes
  • Water Access Desc: Boat - Powered, Canoe/Kayak, Private Access
  • Water Front Type: River
  • Water Front Name: Eastern Bay
  • Dock/Slip Conveys: Yes
  • Docks: 5
  • Power Boats: 6

Financial Considerations

  • Price Per Sq. Ft.: $604.3
  • Assessment Year: 2024
  • Tax w/Assessment: $1,908,600
  • Tax Amount: $15,362
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple

Listed by Benson & Mangold, LLC, Ray R Stevens and Tilghman Island Realty Inc, Rondy J Alstrom
Sold by Non Subscribing Office, NON MEMBER

Listing agents

— 21651 Lowes Wharf Rd —

  • Ray R Stevens

    Benson & Mangold, LLC

  • Rondy J Alstrom

    Tilghman Island Realty Inc

Get Pre-Approved Today

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Price & Sales History for 21651 Lowes Wharf Rd

Date
Details
Price
Change
Source
8/02/2024
Sold
$4,050,000
-19%
MLS
8/01/2024
Listed
$5,000,000
—
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 Benson & Mangold, LLC, Ray R Stevens and Tilghman Island Realty Inc, Rondy J Alstrom
Sold by Non Subscribing Office, NON MEMBER

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21651 Lowes Wharf Road, Sherwood, MD 21665 (MLS# MDTA2008558) is a Business property that was sold at $4,050,000 on August 02, 2024. Want to learn more about 21651 Lowes Wharf Road? Do you have questions about finding other Business real estate for sale in Sherwood? You can browse all Sherwood real estate or contact a Coldwell Banker agent to request more information.