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202 High St 8,400 SF 100% Leased Retail Building Chestertown, MD 21620 $2,300,000 ($273.81/SF)
INVESTMENT HIGHLIGHTS
- Turnkey, fully renovated
- High Street storefronts
- Fully occupied
EXECUTIVE SUMMARY
Fully occupied mixed-use investment property in the heart of downtown Chestertown. 200/202/204 High Street was renovated to the studs in 2022, from top to bottom, and is a solid investment property in a prime location. Three High Street commercial spaces, five apartments and off street parking for 6 vehicles provide solid rental income. The renovations included the replacement of the following: roof, windows (Jeld Wen Auralast with a lifetime warranty on the wood), plumbing, electric, HVAC, and all interior kitchens, baths, finishes and appliances. Apartments are metered so that tenants pay their own utilities, including water/sewer. Washers, dryers and dishwashers in each apartment. Four apartments are rented full-time and one is used a very successful short term rental. Financial information available upon execution of a confidentiality agreement. Please do not disturb the tenants and do not disrupt the commercial tenants' operations. Additional photos and floorpans available.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,400 SF
Building Class
C
Year Built
1860
Price
$2,300,000
Price Per SF
$273.81
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
10’
Building FAR
1.38
Lot Size
0.14 AC
Opportunity Zone
Yes
Zoning
C2 - Mixed use. Commercial must be present on ground floor
Parking
6 Spaces (0.71 Spaces per 1,000 SF Leased)
Frontage
71’ on High St
Walk Score®
Very Walkable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 04-008952 | Total Assessment | $829,900 (2025) |
| Land Assessment | $300,000 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $529,900 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
04-008952
Land Assessment
$300,000 (2025)
Improvements Assessment
$529,900 (2025)
Total Assessment
$829,900 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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202 High St
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