Commercial/Residential/Retail Use Property For Sale – 5700 Baltimore Avenue, Hyattsville, MD

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Offering Memorandum 

$575,000

Exclusively represented by

Meliker Realty
Mike Meliker
301-641-6929
mike@melikerrealty.com

Property Description

The building is a commercial retail/residential use property. Built in 2008, it has an Above Grade Living Area of approximately 2,000sf. There is a 500sf street level entrance on Baltimore Avenue and a separate entrance for 1,500sf upstairs, which is currently in use as residential, but will be vacated on or before July 31, 2020. There is also a rooftop patio overlooking Baltimore Avenue.

Location Description

5700 Baltimore Avenue is located approximately 2 miles south of the University of Maryland College Park campus. Next to DeMatha Catholic High School, the property is a part of the Gateway Arts & Entertainment District, as well as The Lustine Center.

Property Highlights

• Dual zoning with Commercial and Residential designation.
• City of Hyattsville Business Resources Guide
• Member of the Lustine Center HOA
• Two designated parking spaces
• Annual property tax $8,000
• Monthly HOA $192
• Water construction assessment $500
• Residential unit monthly rent was $2,225
• Previous commercial rent $1,500 monthly
• Retail space is currently empty and painted all white

Bethesda Restaurant/Bar for Lease

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Features:

• Approximately 7,000 SF second generation
• Restaurant/bar capacity 396 persons
• Separate dining/meeting/game room
• Large hood system
• Two walk-in units
• Bakers Pride pizza oven
• Two large bathrooms
• Below market rent for Bethesda
• Tenant pays electric and water
• Gas included in rent
• Long term lease with extensions
• Qualified tenant only

Terms:

• Ten year lease with options
• Property taxes – approximately $1,000 monthly
• Property insurance – approximately $150 monthly
• CAM – approximately $200 monthly

For further information
Call: Mike Meliker at 301-641-6929
Email: mike@melikerrealty.com

Fine Wine & Craft Beer Store for Sale – Asking $375,000

• Opened in 2013
• 1,853 square feet
• Monthly all-in rent/cam is $9,800
• Monthly rent includes advertising/marketing.
• Tasting license in addition to B/W license.
• Lease has 4+ years, then a 5 year option.
• Gross sales $933,000, with 37% gross profit.
• Owner annual net income $115,000.
• Asking $375,000, plus inventory ($85,000).
• Open daily, except Thanksgiving, Christmas and Easter.
• Non-disclosure required before further details are provided.

Some equipment features:

• Brand new $11,000 Heartland Liquor POS system with two terminal system.
• Two 2D-ID scanners, 2 receipt printers, 2 display poles.
• Eleven door walk-in beer cooler with shelving.
• All wall wine shelving, beer racks, and 4 way wine displays.
• One ice freezer with glass door.
• Alarm and security DVR system with 5 cameras and 2 display monitors.
• One new two door reach-in cooler.
• One new single door reach-in cooler.

For Further Information:

Call: Mike Meliker at 301-641-6929

Email: mike@melikerrealty.com

Total Gross Revenue Average: $302,000
Square Feet: 1,273
Monthly All in Rent/CAM: $3,914
Owner Annual Net Income: $63,905
Retail Selling Value: $23,514.47
Professional Inventory: $7,892.29
Number of Clients: 4,000
Number of Services Sold Annually: 7,948+
Products Sold Annually: 967+
Client Retention: 60%
Asking Price: $240,000
NDA required for further information

A Turnkey business with an amazing reputation on Yelp, and other social media sites. This salon has well trained staff who maintain high client retention and a high retail purchasing rate. The salon carries organically infused products and is affiliated with well-known organic industry leaders.

Inventory, marketing including: brochures, gift cards, business card design, website, social media sites, salon name and logo are included in the asking price along with furniture, equipment and fixtures. The salon is well established in Howard County MD and offers a major opportunity for growth and room to increase the number of stylists. Currently contains a waxing room, color room, break room, 8 salon chairs and 3 sink bowls.

The salon currently has both full time and part time stylists that work on commission and helpful, reliable, and knowledgeable support staff.

For Further Information:

Call: Mike Meliker at 301-641-6929

Email: mike@melikerrealty.com

Download Sales Flyer

Details as follows:

• The property is 2668 square feet on three levels
• Opened in 2006
• Business seats 20-25
• Daily hours 8:00am – 11:00pm
• Gross Sales 2017 – $1,721,981.00
• Cost of Sales 2017 – $678,040.00
• Owner Salary 2017 – $90,000
• Employee Wages – $351,800
• Business Insurance – $16,088
• Telephone/Utility – $16,700
• Trash – $9,800
• Inventory – $18,500
• Monthly Property Taxes are approximately $2,000

Asking $330,000 for the cafe and $2,420,000 for the property.

For Further Information:

Call: Mike Meliker at 301-641-6929

Email: mike@melikerrealty.com

MD Pizza for Sale

• Montgomery County location
• 850sf, seats 12
• Monthly base rent: $2,618.66
• Gross sales: $425,000
• Owner net: $52,000
• Asking $150,000

Non-disclosure required before further details are provided. Shown by appointment only. Financials required for Landlord.

For Further Information:

Call: Mike Meliker at 301-641-6929

Email: mike@melikerrealty.com

Restaurant Space For Lease

• 2,074 SF
• Fully Equipped
• 10 Years with (1) 5 year option
• Available immediately
• Small Bar
• Existing Liquor License
• Indoor seats approximately 40
• Outdoor seating approximately 40
• Lounge
• Catering Opportunities

Tenant Requirements

• 2 years of restaurant ownership/operations experience

For Further Information:

Call: Mike Meliker at 301-641-6929

Email: mike@melikerrealty.com