16215 Cobb Island Road Newburg, MD $ 2,950,000
16215 Cobb Island Road
$ 2,950,000
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16215 Cobb Island Road

Newburg, MD, 20664
$ 2,950,000
Bedrooms-- Baths-- Sq 8,712

Monthly Estimate*

$ 18,164

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Commercial Property for sale in Newburg, MD

for $2,950,000. This 8,712 square foot building was built in 1960 on a lot size of 0.6.

Offered for sale is a rare and exceptional waterfront property featuring a well-established restaurant with over six decades of successful operation and marina on Neale Sound directly off the Wicomico and Potomac Rivers in Charles County. This iconic destination boasts an approximately 8,712-square-foot restaurant building with inviting outdoor waterfront dining, a convenience store, and a take-out area, plus on-site fuel pumps serving both vehicles and boats. The marina offers over 40 slips equipped for daily and overnight docking, many with electric and water hookups. The property holds valuable licenses permitting on-sale and off-sale beer, wine, and spirits, as well as Maryland Lottery sales, providing diverse and robust income streams. The business also maintains a massive digital footprint with almost fifty thousand Facebook followers, ensuring immediate reach for the next owner. The purchase price includes the real property, marina, business, and all furniture and fixtures. The business will be sold under a separate contract from the real property. Strategically located just a short drive from the Washington, D.C. metropolitan area and Northern Virginia, this property benefits from steady marina traffic, seasonal visitors, and a loyal customer base drawn by its storied history and unmatched waterfront appeal. This opportunity is ideal for an owner-operator or investor seeking a prestigious waterfront hospitality asset with proven profitability and strong growth potential.

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Commercial Active

Price

$ 2,950,000

Property Type

Commercial

Taxes

$ 17,661

Style

Marina,Restaurant/Bar,Supermarket/Grocery Store

Lot Size

0.6

Year Built

1960

Town/City

Newburg

County/Region

Charles

MLS | Web ID

MDCH2053018

Features
Interior
Heating Fuel Electric
Flooring Ceramic Tile Carpet Luxury Vinyl Tile
Hot Water Electric
Heating Y/N Y
Central Air Y/N Y
Entry Level 1
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General
Sewer Public Sewer
Heating Other
Cooling Central A/C
Utilities Electric Available Propane Sewer Available
Possession Settlement
Roof Architectural Shingle
Zoning CV
Construction Materials Block Glass Frame Masonry Vinyl Siding
Year Built 1960
Electric 200+ Amp Service
View Marina Street Water
Property Subtype Special Purpose
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Business Type Marina Restaurant/Bar Supermarket/Grocery Store
Waterfront Features Private Dock Site
Accessibility None
County CHARLES
New Construction N
Property Type Commercial Sale
Subdivision Name COBB ISLAND
Water Access Y/N Y
Status ACTIVE
Directions From Route 301 take MD-257 East (Rock Point Rd) toward Cobb Island. Travel approximately 8 miles and turn Right onto MD-254 (Cobb Island Rd). Cross the bridge onto the island; Captain John’s Crab Hou
City NEWBURG
Body of Water Neale Sound
Number Of Units Total 1
Lot Size Units Square Feet
Lot Size Square Feet 26136.00
Tax Annual Amount 17661.0
Property Condition Very Good
Price Per Sq Ft Total AG 338.61
Vacation Rental Y/N N
Location Type Business District
Standard Status Active
Year Built Source Assessor
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Exterior
Parking Features Lighted Parking Paved Parking
Lot Features Bulkheaded Fishing Available Road Frontage Year Round Access
Water Source Well
Inclusions Includes real property business furniture and fixtures.
Type of Parking Parking Lot
Water View Y/N Y
Building Area Total 8712.00
Lot Size Acres 0.60
Road Surface Type Black Top
Water Body Type River
Lot Size Source Estimated
Waterfront Y/N Y
Water Access Features Boat - Powered Canoe/Kayak Fishing Allowed Personal Watercraft (PWC) Public Access
Road Responsibility Public
Number of Docks 5+
Land Assessed Value 255300.00
Navigable Water Y/N Y
Number of Slips 5+
Water Oriented Y/N Y
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Internal Only
Street Number 1 16215
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* Excluded Features
List By
Berkshire Hathaway Homeservices Penfed Realty

Broker

thomas.mckay@penfedrealty.com

Email

Affordability Calculator

$19,635
Per Month
93%
7%
0%
Monthly Principal & Interest
$18,164
Monthly Property Taxes
$1,472
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/8/2026$2,950,000 Listed Price

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16215 Cobb Island Road, Newburg, MD, 20664 is a Commercial Property for sale at $2,950,000 with 8,712 sqft and a lot size of 0.6. 16215 Cobb Island Road was built in 1960. The property's zip code is 20664 which is in Newburg, MD