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Property profile & analytics
OFF-MARKET
Commercial land

140 Scheeler Rd Chestertown, MD 21620-1031

0.76 ac lot
Entity Owned ~ Est. High Equity
Property ID
US40-2342890
Property summary
AI-generated overview

This exceptional investment opportunity presents a 0.76-acre ground lease in the desirable town of Chestertown, Maryland. Located at 140 Scheeler Road, the property offers significant potential for a variety of commercial ventures. The vibrant downtown area of Chestertown is known for its attractive atmosphere, making it an ideal location for businesses catering to both residents and tourists. The ground lease carries an annual cost of $40,000, structured as a Net, Net, Net (NNN) lease. This means the tenant is responsible for all property expenses, including taxes, insurance, and maintenance, providing a predictable and manageable cost structure for the lessee. The 0.76-acre parcel provides ample space for development, allowing for flexibility in design and functionality. The property's location within Chestertown offers easy access to local amenities, transportation routes, and the town's thriving community. This is a rare opportunity to secure a prime location in a sought-after area, ideal for entrepreneurs and investors seeking a strong return on investment. The NNN lease structure minimizes landlord responsibilities, making this a low-maintenance investment with significant upside potential. Serious inquiries are encouraged to explore the possibilities this unique ground lease presents. Further details regarding the specific terms of the lease and potential development options are available upon request.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.76 ac (33,106 SF)
Zoning code C-1
APN 04-025814
UPID US40-2342890
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Chestertown Lumber Realty LLC
Chestertown Lumber Realty LLC
since 2025
3 recorded transactions
2025
$250,000
2007
$250,000
2004
$438,000
Zoning & alternative use
C-1 · Chestertown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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