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26342 Oxford Rd

OXFORD, MD 21654
  • $399,000
  • STATUS: Active
  • ON SITE: 18 Days
  • ID#: MDTA2001782
UPDATED: 35 min ago
$399,000
  • 0
    BEDS
  • 1.62
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Business Opportunity
Built:
1940
County:

School Ratings & Info

School District:

Description

Well established business for sale with lease, OR with real estate for $899,000. 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 there+GGs 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+G- grill, Advantco 48+G- 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 chef+GGs 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 owner+GGs 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 you+GGve been considering opening your own restaurant or expanding your operation to a new locale, this could be the opportunity you+GGve 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 AND the Real Estate for $899,000.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Licata Group / EXP Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-01-24T23:49:00.847.
www.licata-group.com/homes/124510404
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26342 Oxford Rd OXFORD, MD 21654

  • Price: $399,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 35 min ago
  • ID#: MDTA2001782
0
Beds
0
Baths
0
½ Baths
1.62
Acres
1940
Built
County:
Talbot
School District:
Talbot County Public Schools
Property Description
Well established business for sale with lease, OR with real estate for $899,000. 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 there+GGs 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+G- grill, Advantco 48+G- 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 chef+GGs 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 owner+GGs 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 you+GGve been considering opening your own restaurant or expanding your operation to a new locale, this could be the opportunity you+GGve 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 AND the Real Estate for $899,000.
Exterior Features

Construction Materials Stick Built Garage YN No Parking Types Parking Lot Property Condition Excellent Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 4200.00 Cooling Wall Unit Exclusions Artwork Displayed is On ConsignmentOwners Person ComputerCoffee And Soda MachineAnd Linens. Flooring Hardwood Heating Wall Unit Heating YN Yes Inclusions All Ff&E Leasable Area 4200

Property Features

Acceptable Financing CashConventionalBank Portfolio Accessibility Features Level Entry - Main Assessment Year 2021 Business Name Latitude 38 Bistro And Spirits Business Type Restaurant/Bar Central Air YN No Cooling Fuel Electric Current Use Restaurant Heating Fuel Electric Historic YN No Hot Water Instant Hot Water Lease Considered YN Yes Navigable Water YN N New Construction YN No Original MLSNumber 801273419524 Ownership Interest Leasehold Possession Settlement Property Sub Type Retail Sale Type Standard Sewer Public Sewer Tax Annual Amount 2483.00 Tax Assessment Amount 268100.00 Vacation Rental YN No Water Source Public Year Built Effective 2010 Zoning Commercial

Listing courtesy of Keller Williams Realty Delmarva.


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Licata Group / EXP Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-01-24T23:49:00.847.
 
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