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    206 Cannon St Chestertown, MD 21620

    • Retail space
    • 1,588 SF
    • 1.56 lot acres
    For Sale
    View listing
    $1,250,000
    Value Estimation
    Last Sale
    Jul 27, 2022
    $950,000
    Location Intelligence
    Property ID
    US40-2239354
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 206 Cannon St

    Year built
    1900
    Construction
    BRICK
    Lot size
    1.56 lot acres
    Property size
    1,588 SF
    Zone code
    C-2
    Property type
    Retail space
    APN
    04-022211
    APU
    4022211

    Description

    This exceptional 1.56-acre property presents a unique development opportunity in the heart of historic Chestertown, Maryland. Located at 206 Cannon Street, this expansive lot boasts a versatile C-2 zoning classification, encompassing both R1 and R5 zoning designations. This allows for a wide range of permitted uses, including multi-family dwellings, townhouses, professional and business offices, and even non-profit museums. The property includes an existing warehouse building, adding to its potential. Its strategic location offers unparalleled access to the Chester River waterfront, just blocks away, as well as Chestertown's vibrant amenities. Enjoy proximity to picturesque parks, a diverse selection of shops and restaurants, art galleries, and the prestigious Washington College. The property's frontage on three streets provides excellent visibility and accessibility. With its substantial size, flexible zoning, and prime location, this property is ideal for developers seeking a high-impact project in a thriving historic community. The 1,588 square foot warehouse building offers additional possibilities for immediate income or redevelopment. This is a rare chance to acquire a significant parcel in a highly desirable area, offering substantial potential for future growth and return on investment. Don't miss this opportunity to shape the future of Chestertown's dynamic downtown.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $790,000

    • CAP approach

      CAP return
      Estimation
      6%
      $975,000
      6.5%
      $1,005,000
      7%
      $910,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,055,000
      Geo Method
      $890,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,015,000
      Retail
      $1,200,000
      Mixed-Use
      $1,245,000
      Hospitality
      $950,000
      Educational
      $1,165,000
      Residential Income
      $915,000
      Energy
      $1,065,000
      Income-Based Land
      $1,090,000
      Food Service
      $970,000

    Location Insight

    • Map
    • Local Demand
    City
    Chestertown
    County
    Kent
    State
    Maryland
    Longitude
    -76.0669
    Latitude
    39.2072

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,566
    $507,000
    $43,100
    $550,100
    -
    $507,000
    $43,100
    $550,100

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      805 High St

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      519 Washington Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,569 SF
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      View Details
    • Value Estimation
      $225,000
      6,090 SF

      517 Washington Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,090 SF
      517 Washington Ave, Chestertown, MD 21620-1217
      View Details

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    206 Cannon St
    Chestertown, MD 21620
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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