16215 Cobb Island Rd 8,712 SF Retail Building Newburg, MD 20664 $2,950,000 ($338.61/SF)

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.