Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET Estimated value $525,000
    Turn key restaurants

    903 Washington Ave, Chestertown, MD 21620-3331

    3,528 SF 0.92 ac lot Built 1999
    Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US40-1303884
    Property summary
    AI-generated overview

    This 0.92-acre retail property at 903 Washington Avenue in Chestertown, MD, presents a unique investment opportunity. The building, formerly a Pizza Hut, offers a ready-made layout for a restaurant re-brand, benefiting from an existing infrastructure. Alternatively, the space offers significant potential for redevelopment into a mixed-use facility, ideally suited for one or multiple medical tenants. A six-month rent-free incentive is offered to the new tenant under a NNN lease structure. The property's strategic location is adjacent to Kent County's largest industrial park, experiencing substantial growth with numerous buildings constructed, occupied, and under construction. This burgeoning industrial sector is transforming Chestertown's business landscape. The property's proximity to Washington College and its convenient location just 90 minutes from Baltimore, Philadelphia, and Washington, D.C., ensures high visibility and accessibility. This presents a rare chance to capitalize on the area's economic expansion and establish a thriving business in a vibrant community. The existing building provides a solid foundation for immediate occupancy or extensive renovation, catering to a variety of commercial uses. The property's size and location make it an attractive proposition for entrepreneurs and investors seeking a foothold in a rapidly developing market.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1999
    Construction BRICK
    Total area 3,528 SF
    Lot 0.92 ac (39,944 SF)
    Zoning code CC
    APN 04-027248
    UPID US40-1303884
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Eastern Shore Tang Soo Do Training Center Sports School
    • Phoenix Personal Fitness & Martial Arts, Inc. Gym & Fitness Center
    • Chestertown hotDesks Coworking & Hybrid Office
    • hotDesks/Chestertown Coworking & Hybrid Office
    • Hair We Are Hair Salon
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $525k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $336k
    Blend (final) Blend
    $525k
    Owner & transaction history
    Hung Si Nguyen · 1 yrs held
    Hung Si Nguyen
    since 2024
    Last sale
    $525,000
    1 recorded transaction
    2024
    $525,000
    Zoning & alternative use
    CC · Chestertown, MD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $535,000 +13.7%
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 903 Washington Ave?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message