12 Ericsson Avenue Betterton, MD $ 379,000
12 Ericsson Avenue
$ 379,000
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12 Ericsson Avenue

Betterton, MD, 21610
$ 379,000
Baths0.0 Sq 3,300

Monthly Estimate*

$ 2,647

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Studio

Commercial Property for sale in Betterton, MD

for $379,000. This 3,300 square foot building was built in 1991 on a lot size of 0.37.

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.

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Commercial Contingent

Price

$ 379,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 3,361

Style

Restaurant/Bar

Lot Size

0.37

Year Built

1991

Town/City

Betterton

County/Region

Kent

MLS | Web ID

MDKE2002906

Features
Interior
Heating Fuel Electric
Hot Water Electric
Heating Y/N Y
Street Suffix AVENUE
Central Air Y/N Y
Total Restrooms 2
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General
Sewer Public Sewer
Heating Heat Pump(s)
Cooling Central A/C
Utilities Cable TV
Possession Settlement
Roof Architectural Shingle
Zoning C-1
Construction Materials Vinyl Siding
Year Built 1991
Property SubType Other
Tax Year 2024
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality Betterton
Business Type Restaurant/Bar
Accessibility Level Entry - Main
County KENT
New Construction N
Property Type Commercial Sale
Subdivision Name RIGBIE BLUFF
Possible Use Restaurant
Water Access Y/N Y
Status ACTIVE UNDER CONTRACT
Directions Head towards Betterton on Rt292. At the beach turn left. Restaurant will be on the left. Sign posted.
City BETTERTON
Buyer Agent Compensation 2.5
Body of Water Sassafras River
Total Units 1
Lot Size Square Feet 16177.00
Waterfront Y/N N
Street Name ERICSSON
Tax Annual Amount 3361.0
Property Condition Average
Price Per Sq Ft 150.4
Vacation Rental Y/N N
Days on Market 295
Standard Status Active Under Contract
Year Built Source Assessor
Tax Lot 1
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee N
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Exterior
Parking Features Paved Parking
Water Source Public
Type of Parking Parking Lot
Foundation Details Concrete Perimeter
Water View Y/N N
Building Area Total 2520.00
Lot Size Acres 0.37
Water Body Type River
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 130800.00
Navigable Water Y/N Y
Water Oriented Y/N Y
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Internal Only
Street Number 1 12
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* Excluded Features
List By
Coldwell Banker Chesapeake Real Estate Company

Broker

lisar@cbchesapeake.com

Email

Affordability Calculator

$2,928
Per Month
90%
10%
0%
Monthly Principal & Interest
$2,647
Monthly Property Taxes
$280
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/1/2024$379,000 -5.01% Price Down
8/15/2023$399,000 -4.55% Price Down
7/20/2023$418,000 Listed Price

Map


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12 Ericsson Avenue, Betterton, MD, 21610 is a Commercial Property for sale at $379,000 with 3,300 sqft and a lot size of 0.37. 12 Ericsson Avenue is a studio with 0.0 baths and was built in 1991. The property's zip code is 21610 which is in Betterton, MD