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    206 Cannon St Chestertown, MD 21620

    Sponsored
    For Sale
    $1,250,000

    Prime 1.56-acre lot, multiple zoning options.

    Property size:
    1,588 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    343
    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 Features for 206 Cannon St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,588 SF
    Lot Size
    67,954 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chestertown
    County
    Kent
    State
    Maryland
    Longitude
    -76.06687
    Latitude
    39.20724

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    FAQs

    What type of property is this?
    Commercial real estate - Prime 1.56-acre lot, multiple zoning options.
    Where is this commercial real estate located?
    The property is located at 206 Cannon St Chestertown, MD.
    What is the asking price?
    The asking price for this property is $1,250,000.
    (410) 822-6665
    Request Owner's contact information
    206 Cannon St Chestertown, MD 21620
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    Chestertown, MD 21620
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    206 Cannon St Chestertown, MD 21620
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