Property profile

601 Washington Ave Chestertown, MD 21620

FOR LEASE
Strip malls
Property ID
US40-2343058
13,500 SF 1.13 ac lot Built 2013
Entity Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is an inline retail space with 2,291 square feet located within the College Commons Center, a multi-tenant retail center totaling approximately 13,500 square feet. The center is anchored by C-Town Liquors and Chester River Pharmacy. The specific unit has previously been configured as a hair salon and includes plumbing/electrical connections for four hair washing stations, a reception and waiting area, and four private rooms. The space is positioned for prominent visibility and customer access along a busy road near a lighted intersection, and it is situated directly across from a liberal arts college with approximately 1,000 students; the area also includes proximity to major national retail chains.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2013
Total area 13,500 SF
Lot 1.13 ac (49,400 SF)
Zoning code C-1
APN 04-009479
UPID US40-2343058

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
  • (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • Pharmacy
  • Tanning Salon

Location

601 Washington Ave Chestertown, MD 21620
Chestertown metro Census 950300
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$395k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$395k

Owner & transaction history

since 2018
4 recorded transactions
2018
$1.8M
2012
Price N/A
2007
$1.3M
1969
Price N/A

Zoning & alternative use

C-1 · Chestertown, MD
Zoning description

The purpose of C-1 zone is to provide appropriate locations for a wide variety of auto related, commercial and miscellaneous service activities

General category COMMERCIAL

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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More about this property
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