870 High St Chestertown, MD 21620
- Mixed-use properties
- 16,977 SF
Current Use by Public Records
- Cafe Sado / Thai Restaurant / Sushi Restaurant
- Radcliffe Financial / Financial Planner
- Radcliffe Corporate Services Inc / Payroll Service / Tax Preparation Service
- Radcliffe Corporate Services: Loller Myles CPA / Accountant
- Psychotherapeutic Management / Financial Planner
Property Details for 870 High St
- Year built
- 1891
- Property size
- 16,977 SF
- Property type
- Mixed-use properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chestertown
- County
- Kent
- State
- Maryland
- Longitude
- -76.0808
- Latitude
- 39.2194
