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16215 Cobb Island RoadNewburg, MD 20664Price: $2,950,000

  • Price: $2,950,000
  • 98 Days on Market
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Federal 30-year interest rate: 6.49% last updated on Jul 9, 2026
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  • 0.6Acreage
  • 1960Year Built
  • 5Dock
  • NewburgUsmArea
Offered for sale is a rare and exceptional waterfront property featuring a well-established restaurant with over six decades of successful operation and marina on Neale 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 a 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. The business also maintains a massive digital footprint with almost fifty thousand Facebook followers, ensuring immediate reach for the next owner. The purchase price includes the real property, marina, business, and all furniture and fixtures. The business will be sold under a separate contract from the real property. 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.
Listed by Thomas F. McKay of Berkshire Hathaway HomeServices PenFed Realty

Driving Directions

Railey Vacations
Railey Vacations
Office: 301-387-2124
5 Vacation Way
McHenry, MD 21541

More Info

Location Information

  • UsmAreaNewburg

Parking

  • Parking FeaturesLighted Parking, Paved Parking
  • Parking TypesParking Lot

Basic Information

  • Date Listed04/08/2026

Location

  • Address16215 Cobb Island Road
  • Building Number16215
  • CountyCharles
  • DirectionsFrom Route 301, take MD-257 East (Rock Point Rd) toward Cobb Island. Travel approximately 8 miles and turn Right onto MD-254 (Cobb Island Rd). Cross the bridge onto the island; Captain John’s Crab House and Marina is the landmark property immediately on your Right, situated on Neal Sound.
  • StateMD
  • SubdivisionCobb Island
  • TownNewburg
  • Water Oriented YNYes
  • Zip20664

Amenities

  • Other AmenitiesWaterfront, Water View, Dock
  • Slips5

Other

  • View Count6

Basic Information

  • Broker NameBerkshire Hathaway HomeServices PenFed Realty
  • List Price$2,950,000
  • LocationTypeBusiness District
  • MLS NumberMDCH2053018
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot339
  • StatusACT
  • Units1

Property

  • Acreage0.6
  • Business TypeMarina, Restaurant/Bar, Supermarket/Grocery Store
  • Lot DescriptionBulkheaded, Fishing Available, Road Frontage, Year Round Access
  • Lot Size SourceEstimated
  • Lot Size Square Feet26,136
  • New Construction YNN
  • Property ConditionVery Good
  • Property SubTypeSpecial Purpose
  • Road ResponsibilityPublic
  • Road Surface TypeBlack Top
  • ZoningCV

Water Body

  • Dock5
  • Dock Slip Conveyance MultiDeeded
  • Dock Type And FeaturesFuel Available
  • Water AccessYes
  • Water Body NameNeale Sound
  • Water Body TypeRiver
  • Water FeaturesBoat - Powered, Canoe/Kayak, Fishing Allowed, Personal Watercraft (PWC), Public Access
  • Water View YNYes
  • WaterfrontYes
  • Waterfront FeaturesPrivate Dock Site, Navigable Water

Tax Information

  • Assessment Year2026
  • County Tax$17,334
  • County Tax Payment FrequencyAnnually
  • Tax Assessment Amount$1,369,100
  • Tax Year2025
  • Taxes$17,661
  • Total Taxes Payment FrequencyAnnually

Building

  • Building Area SourceAssessor
  • Building Area Total8712
  • Construction MaterialsBlock, Glass, Frame, Masonry, Vinyl Siding
  • Entry Level1
  • Total Garage And Parking Spaces65
  • Year Built1960

Interior

  • FlooringCeramic Tile, Carpet, Luxury Vinyl Tile

Exterior

  • RoofArchitectural Shingle

Utilities

  • Central Air YNYes
  • CoolingCentral A/C
  • Cooling FuelElectric
  • Electric200+ Amp Service
  • Heat SystemOther
  • Heating FuelElectric
  • Heating YNYes
  • SewerPublic Sewer
  • UtilitiesElectric Available, Propane, Sewer Available
  • Water HeaterElectric
  • Water SourceWell

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Copyright 2026 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Railey Vacations participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated July 15, 2026. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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