Oxford, MD 21654,26342 OXFORD RD
Oxford, MD 21654,26342 OXFORD RD
Oxford, MD 21654,26342 OXFORD RD
$724,000
Est. payment /mo
$899,000
19.5%
Est.Price: ?

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4,200 SqFt
SOLD DATE : 05/13/2022

Key Details

Sold Price $724,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 4,200 sqft

Price per Sqft $172

MLS Listing ID MDTA2001778

Sold Date 05/13/22

Originating Board BRIGHT

Year Built 1940

Annual Tax Amount $2,483

Tax Year 2021

Lot Size 1.640 Acres

Acres 1.64

Property Description

Well established business AND real estate for sale. Under continuous operation by the same owner since 1995, this wonderful bistro on 1.6 acres, is located on the inbound lane of Oxford, Maryland, just before the headwaters of Town Creek. Latitude 38 is the perfect destination spot for lunch, dinner, or a lazy Sunday brunch. This restaurant is one of the only eateries that stays open year-round and is a local hotspot in Talbot County with an AADT of 3000. Its cuisine has traditionally been American fare, and the menu changes every two weeks, so theres always a new dining experience. This bistro offers two very large dining rooms, seating 120 patrons, with white linen and candlelight service along with a cozy fireplace for those chilly winter nights. For the more casual guest, there is a very large bar area. For the savvy restaurateur, this establishment is completely turn-key with all FF&E and is ready for operation from the day you open your doors. The kitchen is supplied with all food prep cookware and utensils, on-demand hot water, 24 grill, Advantco 48 worktop freezer, Ansul stainless hood, owned dish machine, slicer, mounted can opener, 4 stainless prep counters, 10-burner Vulcan range with dual ovens, large and small chest freezers, Vulcan steamer, huge walk-in, very large chefs box, Royal convection oven, 2-quart ice cream maker, a 2-basket deep fryer, 2 microwaves, 2 heat lamps, dual sinks, bottle cooler, and more. For dining and bar seating, this bistro is outfitted with 28 dining tables and 101 chairs, 22 bar seats with 7 additional wooden side stools, 9 outdoor patio tables and chair sets, firepit, 4 commercial grade outdoor heaters with backup tanks, 3-tap draft beer box, full catering serving trays, food warmers, cutting boards, utensils, platters etc. Complete dinner settings for 150, included. There are two ADA compliant restrooms, two televisions, three Toast POS stations, security cameras, window treatments, stereo, office desk, chair, and filing cabinets. While the displayed (very popular) artwork is not owned and is sold on consignment, it may remain but is not included in the sale. The owners personal computer does not convey, and the soda and coffee machines are not owned by the seller. The linens do not convey. There is a current full fare liquor license that can be transferred to the new owner. P&L statement can be provided to a prospective buyer with a signed NDA. If youve been considering opening your own restaurant or expanding your operation to a new locale, this could be the opportunity youve been waiting for. You may purchase the business operation and establish a lease with the seller, or you may purchase the business and real estate. (Because this is an operating business, showings are limited to Sunday evenings after the brunch hours, on Mondays, or before the lunch hour begins on all other days.) You do have the opportunity to purchase the business (without the Real Estate) and enter into a long term lease if you desire.

Location

State MD

County Talbot

Zoning COMMERCIAL

Interior

Hot Water Instant Hot Water

Heating Wall Unit

Cooling Wall Unit

Flooring Hardwood

Heat Source Electric

Exterior

Garage Spaces 61.0

Utilities Available Above Ground

Waterfront N

Water Access N

Accessibility Level Entry - Main

Parking Type Parking Lot

Total Parking Spaces 61

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Talbot County Public Schools

Others

Tax ID NO TAX RECORD2

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional, Bank Portfolio

Listing Terms Cash, Conventional, Bank Portfolio

Financing Cash,Conventional,Bank Portfolio

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Thomas Lucks • Keller Williams Realty
Bought with BILL LUCKS • Keller Williams Realty

Jason Freeby

Real Estate Team Leader

+1(908) 443-1405

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