202 Center St, Frostburg, MD 21532

$230,000

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List Price
$230,000
Price Change
▲ $130,000 1794620001
Days on Market
72
Status
ACTIVE
MLS#
MDAL2015782
Lot Size (Acres)
0.19
Year Built
1920
County
Allegany
School District
Allegany County Public Schools

Property Description

Equipped bar, restaurant and redevelopment opportunity in Frostburg’s University Corridor! Currently operating as The Beach Club of Frostburg, this approximately 1,984-square-foot commercial property offers an established location serving both the local community and the Frostburg State University market. The bar is currently operational, while the restaurant and commercial kitchen areas are unused and ready for a new owner to reactivate or repurpose. The sale includes the real estate, existing bar and restaurant equipment, three walk-ins, three freezers, a large commercial refrigerator, and additional furnishings and fixtures. An existing staff is also in place, offering the potential for a smooth transition to new ownership. Previously utilized for restaurant and bar service, private parties, special events and student-night entertainment, the property offers multiple income and operating possibilities. Situated on approximately 0.20 acres and zoned C1 University Corridor/Mixed Use, the location may also present an opportunity for a developer to explore conversion into student rental units or another residential or mixed-use concept serving the nearby university market. Any redevelopment or change in use would be subject to applicable zoning, permitting, parking, building, fire and occupancy requirements. Whether reopening the restaurant, introducing a new hospitality concept or pursuing a student-housing or mixed-use redevelopment plan, this is a unique opportunity to acquire an equipped commercial property in the Frostburg market. Buyer to independently verify all zoning, permitted uses, redevelopment possibilities, licensing requirements, equipment and property information.

Additional Information

Area
Frostburg - Allegany County (MDAL8)
School District
Allegany County Public Schools
Heating
Forced Air
Cooling
Central Air, Other
Water
Public
Sewer
Public Sewer

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Listing courtesy of Gates Realty. Contact: