140 Scheeler Rd, Chestertown, MD 21620-1031
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-1 · Chestertown, MDChestertown. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.