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Property profile & analytics
OFF-MARKET Estimated value $525,000
Turn key restaurants

903 Washington Ave Chestertown, MD 21620-3331

3,528 SF 0.92 ac lot Built 1999
Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US40-1303884
Property summary
AI-generated overview

This 0.92-acre retail property at 903 Washington Avenue in Chestertown, MD, presents a unique investment opportunity. The building, formerly a Pizza Hut, offers a ready-made layout for a restaurant re-brand, benefiting from an existing infrastructure. Alternatively, the space offers significant potential for redevelopment into a mixed-use facility, ideally suited for one or multiple medical tenants. A six-month rent-free incentive is offered to the new tenant under a NNN lease structure. The property's strategic location is adjacent to Kent County's largest industrial park, experiencing substantial growth with numerous buildings constructed, occupied, and under construction. This burgeoning industrial sector is transforming Chestertown's business landscape. The property's proximity to Washington College and its convenient location just 90 minutes from Baltimore, Philadelphia, and Washington, D.C., ensures high visibility and accessibility. This presents a rare chance to capitalize on the area's economic expansion and establish a thriving business in a vibrant community. The existing building provides a solid foundation for immediate occupancy or extensive renovation, catering to a variety of commercial uses. The property's size and location make it an attractive proposition for entrepreneurs and investors seeking a foothold in a rapidly developing market.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1999
Construction BRICK
Total area 3,528 SF
Lot 0.92 ac (39,944 SF)
Zoning code CC
APN 04-027248
UPID US40-1303884
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
Current use
Occupant on record · Public records
  • Eastern Shore Tang Soo Do Training Center Sports School
  • Phoenix Personal Fitness & Martial Arts, Inc. Gym & Fitness Center
  • Chestertown hotDesks Coworking & Hybrid Office
  • hotDesks/Chestertown Coworking & Hybrid Office
  • Hair We Are Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$525k
CAP Approach CAP
by Request
Comparable Approach Comparable
$336k
Blend (final) Blend
$525k
Owner & transaction history
Hung Si Nguyen · 1 yrs held
Hung Si Nguyen
since 2024
Last sale
$525,000
1 recorded transaction
2024
$525,000
Zoning & alternative use
CC · Chestertown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $535,000 +13.7%
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