Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1956
Sq.Footage
N/A
Mustangs, a bar, food and adult entertainment business established in 1980, is now available for sale due to owner retirement. What makes this opportunity unique is it’s one of only two adult entertainment businesses—with a liquor license—allowed in the county. The business is being sold with the real estate, which has significant underlying land value due to its proximity to the West Hyattsville Metro. The business has consistently generated strong net income for current long-time owners. Mustangs closed during the height of the pandemic for 15 months but recently re-opened and is now getting back to pre-pandemic income levels. Mustangs is run by a manager and a small staff, with only minor oversight required by ownership. Security cameras are in place to monitor operations. Current ownership willing to consult with new owner for one month after closing to ensure smooth transition. This is truly a value-add opportunity as a new owner can continue to run business knowing land value will grow over time, providing a future exit strategy, if desired.
Features & Amenities
Interior
Area & Lot
-
Lot Size(acres)
0.43
-
Property Type
Commercial Sale
Exterior
-
Garage
No
-
Construction Materials
Block
Financial
-
Sales Price
$1,945,000
-
Tax Amount
9683.0
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Location
County
PRINCE GEORGES
Elementary School
Middle School
High School
Listing Courtesy of Geoffrey G Lindsay , Capital Realty Advisors
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