903 Washington Ave, Chestertown, MD 21620-3331
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.
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Phoenix Personal Fitness & Martial Arts, Inc. Gym & Fitness Center
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Chestertown hotDesks Coworking & Hybrid Office
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hotDesks/Chestertown Coworking & Hybrid Office
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Hair We Are Hair Salon
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
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
CC · 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.