Property summary
This unique 3,114 square foot mixed-use property in historic Chestertown, MD, presents a rare investment opportunity. Fully restored in 2007 with renovations completed in 2017, this stunning building, comprised of two parcels (sold together or separately, contingent on a lot line adjustment for 860 High Street), currently houses a thriving wellness center complete with a fully equipped cafГ©. The building boasts soaring ceilings, exposed woodwork, and meticulously restored flooring, showcasing its rich history dating back to the early 1900s (Annex) and 1970s (Seed House). The flexible zoning allows for a variety of uses, including continued operation as a wellness center, expansion into a full-scale restaurant, conversion to office space, or development into apartments. The sale includes all cafГ© equipment. Six offices are available, five on the ground floor and one on the second floor, along with storage and laundry facilities. Located one mile from downtown Chestertown, near Washington College, and within easy reach of Washington, D.C., Philadelphia, and Wilmington, this property benefits from its location in a Maryland Enterprise Zone, an Opportunity Zone, and eligibility for energy improvement incentive programs. Previous receipt of historic preservation tax credits streamlines future development and improvement tax credit applications. The property's location on the National Register of Historic Places adds significant value and prestige. Tax amounts will be adjusted following the lot line adjustment. A Non-Disclosure Agreement is required for additional information.
Property profile
VerifiedCap rate & NOI
Current use
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Physician
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Psychotherapist
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Physician
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Alternative Medicine Practice Acupuncture
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Mill
Location
Value estimations
Owner & transaction history
Zoning & alternative use
-2 Districts. (3) Carwashes and automobile laundries, automatic or otherwise, which provide reservoir space for not less than ten (10) vehicles for each washing lane of an employee operated facility in the C-1, LI-1 and…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
LI-2 · Chestertown, MD-2 Districts. (3) Carwashes and automobile laundries, automatic or otherwise, which provide reservoir space for not less than ten (10) vehicles for each washing lane of an employee operated facility in the C-1, LI-1 and…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
-2 Districts. (3) Carwashes and automobile laundries, automatic or otherwise, which provide reservoir space for not less than ten (10) vehicles for each washing lane of an employee operated facility in the C-1, LI-1 and…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for LI-2 in Chestertown, MD.
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