860 High St, Chestertown, MD 21620-3909

This unique 3,114 square foot mixed-use property in historic Chestertown, MD, presents a rare investment opportunity. Fully restored in 2007 with renovations completed in 2017, this stunning building, comprised of two parcels (sold together or separately, contingent on a lot line adjustment for 860 High Street), currently houses a thriving wellness center complete with a fully equipped cafГ©. The building boasts soaring ceilings, exposed woodwork, and meticulously restored flooring, showcasing its rich history dating back to the early 1900s (Annex) and 1970s (Seed House). The flexible zoning allows for a variety of uses, including continued operation as a wellness center, expansion into a full-scale restaurant, conversion to office space, or development into apartments. The sale includes all cafГ© equipment. Six offices are available, five on the ground floor and one on the second floor, along with storage and laundry facilities. Located one mile from downtown Chestertown, near Washington College, and within easy reach of Washington, D.C., Philadelphia, and Wilmington, this property benefits from its location in a Maryland Enterprise Zone, an Opportunity Zone, and eligibility for energy improvement incentive programs. Previous receipt of historic preservation tax credits streamlines future development and improvement tax credit applications. The property's location on the National Register of Historic Places adds significant value and prestige. Tax amounts will be adjusted following the lot line adjustment. A Non-Disclosure Agreement is required for additional information.