$800,000
$1,260,000
36.5%For more information regarding the value of a property, please contact us for a free consultation.
3,000 SqFt
SOLD DATE : 09/29/2022
Key Details
Sold Price $800,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $266
MLS Listing ID MDTA2003368
Sold Date 09/29/22
Originating Board BRIGHT
Year Built 1925
Annual Tax Amount $7,005
Tax Year 2022
Property Description
Prime Real Estate and business. Ranked* as one of the 2022 Top-5 restaurants in Maryland, Bannings is a landmark establishment. And, in part from "The Local Legend- Banning's Tavern has been named to honor Jeremiah Banning and to serve as a reminder of the wonderful heritage and history in Easton and Talbot County. Jeremiah Banning was born in Talbot County in March 1733 and led a fascinating life full of adventure and service to his country and to his friends and neighbors in Maryland until his death in Dec 1798." Robert Banning (a descendant of Jeremiah) was a participant in the July 2011 Ribbon cutting ceremony for this fabulous eatery right in the very heart of downtown Easton on the corner of Dover and Harrison Streets. This 54 indoor dining seat and 16 outdoor seating (under full awning,) and 12 bar seating restaurant and tavern is in the prime location in the entire Talbot County area. With a full re-outfit of the dining rooms and kitchen, this establishment is nothing short of outstanding. The kitchen is professionally equipped with all the proper food preparation essentials for hungry patrons, and the tavern is well stocked for thirsty guests. If you are a restaurateur looking to expand your business footprint, or perhaps you've always dreamed of owning a turn-key operation, this could be your golden ring. According to the MDOT SHA, the restaurant's location AADT is approximately 9,900+. All on-site alcohol subject to MD bulk transfer sale. The restaurant shares restroom facilities through elevator or stair access, with the adjoining Avalon Theater. Full service haute cuisine restaurant and tavern, this popular establishment is in operation and ready to go. With front door to back, fully equipped FF&E with 70 indoor and outdoor dining capacity plus a full service, 12-seat, bar. Some of the absolutely unique characteristics of this restaurant and bar includes a bar surround with a circa 1840 New Orleans bar back, detailed in spectacular oak carvings, beveled glass New York City circa 1920 swing doors, a full length and lit, "Lady Justice" stained glass window, circa 1936 Baltimore MD, and an antique hostess stand. This establishment was recently renovated with new seating and upholsteries. The kitchen, a chef's dream, includes a Cooking Performance Group 6-burner gas range with a 210,000 BTU oven, a separate CPG 2-burner top, and a CPG Lava Briquette Charbroiler, 80,000 BTU's. Avantco Planetary Mixer, Avantco full size food warmer, Avantco 12" manual meat slicer, and Avantco Chef Series griddle with 105,000 BTU's, Avantco bar back refrigerator. There are also dual Main Street Equipment stainless steel gas fryers, 90,000 BTU's. Imperial gas convection oven, True freezer and True sandwich units, Migali sandwich unit, Ice-O-Matic cube machine, CMA high temp dishwasher (owned, not leased,) glycol cooled draft beer tower, Pro Line 1/3 hp power pack, and an APW Calrod Food Warmer, Electrolux and Frigidaire upright freezers. The walk-in is huge with plenty of storage shelving. All tables, seating, linens, table service also convey. There is upstairs and basement storage. (*Ranked by Joe Mertens, original newsbreak, May 3, 2022.)
Location
State MD
County Talbot
Zoning C-1/TOWN
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Heat Source Central
Exterior
Garage Spaces 50.0
Waterfront N
Water Access N
View City
Accessibility None
Road Frontage City/County
Parking Type On Street
Total Parking Spaces 50
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Talbot County Public Schools
Others
Tax ID 2101079727
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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