Property profile

315 High St Chestertown, MD 21620

FOR LEASE
Retail space
Property ID
US40-1068435
8,932 SF 0.49 ac lot Built 1997
Entity Owned 3-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Crisis Center Medical Clinic
  • Physician Medical Clinic
  • Physician
  • Clothing Store
  • Art Studio

Location

315 High St Chestertown, MD 21620
Chestertown metro Census 950300
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.79M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.71M

Owner & transaction history

since 2022
Last sale
$2.1M
2 recorded transactions
2022
$2.1M
2020
Price N/A

Zoning & alternative use

C-2 · Chestertown, MD
Zoning description

The purpose of C-2 zone is to support mixed use uses that contain an active non-residential ground floor encompassing the retail, service and office core of the central business district and permit a wide variety of uses…

General category MIXED_USE
Top alternative use upside
Office building $1.4M +67.0%
Restaurant $1.2M +46.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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