Property profile

860 High St Chestertown, MD 21620

OFF-MARKET
Turn key restaurants
Property ID
US40-1286594
4,000 SF 2.32 ac lot Built 2002
Entity Owned Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2002
Construction WOOD
Total area 4,000 SF
Lot 2.32 ac (101,059 SF)
Zoning code LI-2
APN 04-000404
UPID US40-1286594

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
  • Physician
  • Psychotherapist
  • Physician
  • Alternative Medicine Practice Acupuncture
  • Mill

Location

860 High St Chestertown, MD 21620-3909
Chestertown metro Census 950300
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$415k
CAP Approach CAP
by Request
Comparable Approach Comparable
$712k
Blend (final) Blend
$565k

Owner & transaction history

since 2026
5 recorded transactions
2026
$1.2M
2011
Price N/A
2005
$550,000
2003
Price N/A
1969
Price N/A

Zoning & alternative use

LI-2 · Chestertown, MD
Zoning description

-2 Districts. (3) Carwashes and automobile laundries, automatic or otherwise, which provide reservoir space for not less than ten (10) vehicles for each washing lane of an employee operated facility in the C-1, LI-1 and…

General category INDUSTRIAL
Top alternative use upside
Office building $610,000 +13.7%

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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