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    FOR LEASE
    Retail space

    315 Cannon St, Chestertown, MD 21620

    8,932 SF 0.49 ac lot Built 1997
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US40-1068435
    Property summary
    AI-generated overview

    This exceptional retail opportunity is located at 315 High Street, Unit 104, in the charming town of Chestertown, Maryland. Situated on a sizable 0.49-acre lot, this property presents a unique chance for a business seeking high visibility and ample space. The unit is ideally positioned on High Street, a main thoroughfare known for its bustling activity and pedestrian traffic. The property's address offers excellent accessibility for customers and convenient parking options. While the exact square footage is currently unavailable, the substantial lot size suggests a generous interior space suitable for a variety of retail ventures. The property's location within Chestertown provides access to a thriving community with a strong local economy and a loyal customer base. This presents a compelling investment opportunity for entrepreneurs looking to establish or expand their retail presence in a desirable market. The asking price is to be determined, making this a flexible option for potential buyers. Serious inquiries are encouraged to explore this promising retail space and its potential for success. Further details regarding the interior layout and specifications will be provided upon request. Don't miss this chance to secure a prime retail location in the heart of Chestertown.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1997
    Construction BRICK
    Total area 8,932 SF
    Lot 0.49 ac (21,221 SF)
    Zoning code C-2
    APN 04-009339
    UPID US40-1068435
    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
    • High Street Psychotherapy Crisis Center Medical Clinic
    • Regan H. King, PsyD Physician Medical Clinic
    • Russ Widder LCSW-C Physician
    • Houston's Dockside Emporium Clothing Store
    • Hegland Glass Art Studio
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.79M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.90M
    Owner & transaction history
    Basi Brothers LLC · 3 yrs held
    Basi Brothers LLC
    since 2022
    Last sale
    $2.1M
    2 recorded transactions
    2022
    $2.1M
    2020
    Zoning & alternative use
    C-2 · Chestertown, MD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $1.4M +67.0%
    Restaurant $1.2M +46.9%
    Try Rey
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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