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    OFF-MARKET
    Commercial land

    140 Scheeler Rd, Chestertown, MD 21620-1031

    0.76 ac lot
    Entity Owned ~ Est. High Equity
    Property ID
    US40-2342890
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 0.76-acre ground lease in the desirable town of Chestertown, Maryland. Located at 140 Scheeler Road, the property offers significant potential for a variety of commercial ventures. The vibrant downtown area of Chestertown is known for its attractive atmosphere, making it an ideal location for businesses catering to both residents and tourists. The ground lease carries an annual cost of $40,000, structured as a Net, Net, Net (NNN) lease. This means the tenant is responsible for all property expenses, including taxes, insurance, and maintenance, providing a predictable and manageable cost structure for the lessee. The 0.76-acre parcel provides ample space for development, allowing for flexibility in design and functionality. The property's location within Chestertown offers easy access to local amenities, transportation routes, and the town's thriving community. This is a rare opportunity to secure a prime location in a sought-after area, ideal for entrepreneurs and investors seeking a strong return on investment. The NNN lease structure minimizes landlord responsibilities, making this a low-maintenance investment with significant upside potential. Serious inquiries are encouraged to explore the possibilities this unique ground lease presents. Further details regarding the specific terms of the lease and potential development options are available upon request.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 0.76 ac (33,106 SF)
    Zoning code C-1
    APN 04-025814
    UPID US40-2342890
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Chestertown Lumber Realty LLC
    Chestertown Lumber Realty LLC
    since 2025
    3 recorded transactions
    2025
    $250,000
    2007
    $250,000
    2004
    $438,000
    Zoning & alternative use
    C-1 · Chestertown, MD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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