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    515 Washington Ave Chestertown, MD 21620

    Sponsored
    For Sale
    $895,000

    Prime 1-acre lot, high traffic location.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    343
    This exceptional 0.97-acre commercial development site presents a unique investment opportunity in the thriving town of Chestertown, Maryland. Situated on busy MD Route 213, this property enjoys unparalleled visibility and accessibility, boasting a prime location directly across from a newly constructed Starbucks and the Washington College campus. The C-3 zoning allows for a diverse range of commercial uses, including retail establishments, restaurants, and service-oriented businesses. This makes it an ideal location for entrepreneurs seeking high foot traffic and a strong customer base. The site's convenient location ensures easy access for both students and the wider community. The property's size offers ample space for development, allowing for flexibility in design and construction. Furthermore, essential utilities such as water and sewer are readily available, simplifying the development process and reducing upfront costs. This is a rare opportunity to acquire a highly desirable commercial property in a rapidly growing area with significant potential for substantial returns. Don't miss out on this chance to establish your business in a vibrant and strategic location. Contact us today to learn more about this exceptional development opportunity.

    Property Features for 515 Washington Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    42,253 SF

    Building Details

    Year Built
    1960
    Property Profile Location Intelligence

    Current Use by Public Records

    Hogans Agency Inc: ... Insurance Agency Long George Insurance Agency Kaufman Jr Thompson Insurance Agency

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Chestertown
    County
    Kent
    State
    Maryland
    Longitude
    -76.06799
    Latitude
    39.2214

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    FAQs

    What type of property is this?
    Commercial real estate - Prime 1-acre lot, high traffic location.
    Where is this commercial real estate located?
    The property is located at 515 Washington Ave Chestertown, MD.
    What is the asking price?
    The asking price for this property is $895,000.
    (410) 778-7070
    Request Owner's contact information
    515 Washington Ave 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
    515 Washington Ave Chestertown, MD 21620
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