16215 Cobb Island Rd - Freestanding FOR SALE


Newburg, MD 20664
$2,950,000 USD
240-298-3896
16215 Cobb Island Rd, Newburg, MD for Sale
$2,950,000 USD
Freestanding - FOR SALE
1/19
null | Request Cap Rate

16215 Cobb Island Rd
Newburg, MD 20664


HIGHLIGHTS

  • Iconic Charles County waterfront restaurant and marina destination with over 65 years of history.
  • Marina with 40+ slips, including daily and overnight accommodations.
  • Many slips equipped with electric and water hookups, and on-site fuel pumps serving both vehicles and boats.
  • Multiple revenue streams including restaurant, marina, fuel, retail, and alcohol sales.
  • One additional residential parcel included in the sale. Real estate and operating business offered separately.

OVERVIEW

Offered for sale is a rare and exceptional waterfront property featuring a well-established restaurant and marina on Neal 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 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. Included in the sale is the real estate along with one additional residential parcel, enhancing long-term value and future flexibility. Please note the real estate and operating business are sold separately, with a separate listing arrangement for the operating business. 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.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$339 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

51

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,591 SF

ZONING

CV

APN/PARCEL ID

05-018498

ASK ABOUT THIS PROPERTY

Thomas McKayBerkshire Hathaway | PenFed RealtyMore Info
240-298-3896

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Thomas McKayBerkshire Hathaway | PenFed RealtyMore Info
240-298-3896

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.