515 Washington Ave Chestertown, MD 21620-1217
This exceptional 0.97-acre commercial development site presents a unique investment opportunity in the thriving town of Chestertown, Maryland. Situated on busy MD Route 213, this property enjoys unparalleled visibility and accessibility, boasting a prime location directly across from a newly constructed Starbucks and the Washington College campus. The C-3 zoning allows for a diverse range of commercial uses, including retail establishments, restaurants, and service-oriented businesses. This makes it an ideal location for entrepreneurs seeking high foot traffic and a strong customer base. The site's convenient location ensures easy access for both students and the wider community. The property's size offers ample space for development, allowing for flexibility in design and construction. Furthermore, essential utilities such as water and sewer are readily available, simplifying the development process and reducing upfront costs. This is a rare opportunity to acquire a highly desirable commercial property in a rapidly growing area with significant potential for substantial returns. Don't miss out on this chance to establish your business in a vibrant and strategic location. Contact us today to learn more about this exceptional development opportunity.
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Hogans Agency Inc: Mercer John Insurance Agency
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Long George Insurance Agency
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Kaufman Jr Thompson Insurance Agency
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.