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    870 High St Chestertown, MD 21620

    For Sale
    $1,870,000

    Historic Mill, Endless Potential

    Property size:
    16,977 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional Chestertown, MD mixed-use property offers a unique investment opportunity. The 16,977 square foot Radcliffe Mill, a beautifully restored 1891 building listed on the National Register of Historic Places, features four floors of office space currently occupied by a long-term tenant sushi restaurant, CafГ© Sado (all restaurant equipment included). The property also includes an undeveloped grain elevator, ample parking for 65 vehicles, and a dedicated loading dock. Modern amenities such as an elevator, sprinkler system, and HVAC systems are seamlessly integrated with original exposed beams and reclaimed flooring. The property's zoning allows for diverse uses, including potential conversion to apartments. Located one mile from downtown Chestertown, near Washington College, and within easy reach of Washington, D.C., Philadelphia, PA, and Wilmington, DE, this property benefits from its location in a Maryland Enterprise Zone and Opportunity Zone, making it eligible for various tax incentives and energy improvement programs. The property comprises two parcels, each available for sale individually, contingent upon a lot line adjustment, or as a combined package. Previous historic preservation tax credits expedite future development and improvement tax credit applications.

    Property Features for 870 High St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    16,977 SF

    Building Details

    Year Built
    1891
    Property Profile Location Intelligence

    Current Use by Public Records

    Cafe Sado Sushi Restaurant Radcliffe Financial Financial Planner Radcliffe Corporate Services ... Tax Preparation Service Radcliffe Corporate Services: ... Accountant Psychotherapeutic Management Financial Planner

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chestertown
    County
    Kent
    State
    Maryland
    Longitude
    -76.08085
    Latitude
    39.21943

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    FAQs

    What type of property is this?
    Mixed-use property - Historic Mill, Endless Potential
    Where is this mixed-use property located?
    The property is located at 870 High St Chestertown, MD.
    What is the asking price?
    The asking price for this property is $1,870,000.
    (301) 970-2447
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    870 High 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
    870 High St Chestertown, MD 21620
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