515 Washington AveChestertown, MD 21620

  • Commercial real estate
  • 9,742 SF
For Sale
$895,000 View listing

Property Details for 515 Washington Ave

Year built
1951
Construction
BRICK
Lot size
0.97 AC
Property size (Sq ft)
9,742 SF
Zone code
C-1
Property type
Commercial real estate
APN
04-007581
APU
4007581

Description

This exceptional 0.97-acre commercial development site presents a unique investment opportunity in the thriving town of Chestertown, Maryland. Situated on busy MD Route 213, this property enjoys unparalleled visibility and accessibility, boasting a prime location directly across from a newly constructed Starbucks and the Washington College campus. The C-3 zoning allows for a diverse range of commercial uses, including retail establishments, restaurants, and service-oriented businesses. This makes it an ideal location for entrepreneurs seeking high foot traffic and a strong customer base. The site's convenient location ensures easy access for both students and the wider community. The property's size offers ample space for development, allowing for flexibility in design and construction. Furthermore, essential utilities such as water and sewer are readily available, simplifying the development process and reducing upfront costs. This is a rare opportunity to acquire a highly desirable commercial property in a rapidly growing area with significant potential for substantial returns. Don't miss out on this chance to establish your business in a vibrant and strategic location. Contact us today to learn more about this exceptional development opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,404,379
    Hospitality
    $2,202,398
    Educational
    $1,832,370
    Medical
    $1,895,388
    Retail
    $2,850,353

Location Insight

City
Chestertown
County
Kent
State
Maryland
Latitude
39.2212
Longitude
-76.068

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,439
$216,600
$4,300
$220,900
-
$216,600
$4,300
$220,900

FAQs

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