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Property profile & analytics
OFF-MARKET
Mixed-use properties

870 High St Chestertown, MD 21620

16,977 SF Built 1891
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Mixed-use properties
Year built 1891
Total area 16,977 SF
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
  • Cafe Sado Restaurant
  • Radcliffe Financial Financial Advisor
  • Radcliffe Corporate Services Inc Tax Preparation
  • Radcliffe Corporate Services: Loller Myles CPA Accounting Firm Tax Preparation
  • Psychotherapeutic Management Financial Advisor
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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