206 Cannon St Chestertown, MD 21620
Property summary
This exceptional 1.56-acre property presents a unique development opportunity in the heart of historic Chestertown, Maryland. Located at 206 Cannon Street, this expansive lot boasts a versatile C-2 zoning classification, encompassing both R1 and R5 zoning designations. This allows for a wide range of permitted uses, including multi-family dwellings, townhouses, professional and business offices, and even non-profit museums. The property includes an existing warehouse building, adding to its potential. Its strategic location offers unparalleled access to the Chester River waterfront, just blocks away, as well as Chestertown's vibrant amenities. Enjoy proximity to picturesque parks, a diverse selection of shops and restaurants, art galleries, and the prestigious Washington College. The property's frontage on three streets provides excellent visibility and accessibility. With its substantial size, flexible zoning, and prime location, this property is ideal for developers seeking a high-impact project in a thriving historic community. The 1,588 square foot warehouse building offers additional possibilities for immediate income or redevelopment. This is a rare chance to acquire a significant parcel in a highly desirable area, offering substantial potential for future growth and return on investment. Don't miss this opportunity to shape the future of Chestertown's dynamic downtown.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
The purpose of C-2 zone is to support mixed use uses that contain an active non-residential ground floor encompassing the retail, service and office core of the central business district and permit a wide variety of uses…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Chestertown, MDThe purpose of C-2 zone is to support mixed use uses that contain an active non-residential ground floor encompassing the retail, service and office core of the central business district and permit a wide variety of uses…
Zoning
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Zoning designation
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The district profile from the municipal source: what is on file for C-2 in Chestertown, MD.
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