Looking to step away from their business, the owners of The Accomac are putting it on the market for nearly $1.4 million.
The sale of the historic riverfront restaurant includes its 7.9 acres of real estate, catering business and liquor license, according to an announcement by Rock Commercial Real Estate, which is representing longtime owners Douglas and Charlene Calvert Campbell.
Rock agent John Birkeland has valued the assets at over $2 million, but the Campbells are motivated to sell, he said. Still, they want to be confident the new owners can maintain the prestige and strong brand of The Accomac.
“They’re not going to hand over their baby to just anyone,” Birkeland said.
At an “aggressive” asking price of $1.395 million, Birkeland sees the property going fast and attracting prospective buyers both locally and from bigger cities like Baltimore and Philadelphia.
The Campbells have operated the Hellam Township business as a restaurant and catering business since 1971. They are selling it in order to settle in Arizona, where they currently split their time with Central Pennsylvania. Charlene also runs an events business.
“The players of The Accomac team are like a fine-tuned orchestra, and we look forward to finding the conductor who will lead them into a future of continued growth and success,” Doug Campbell said in the statement.
Because the Campbells spend part of their time on Arizona, the staff has had a fair amount of autonomy, which will help make a seamless transition to new ownership, Birkeland said.
“It is a truly unique property … This is a rare opportunity for a restaurateur to step into an iconic ownership position,” Birkeland said.
The Accomac’s 16,502-square-foot stone and concrete structure has a storied history dating back to the American Revolution. Before the Campbell’s took over, The Accomac also included an inn, according to a post by Doug Campbell on the restaurant’s website.