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Key Details
Sold Price $462,220
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 2,007 sqft
Price per Sqft $230
MLS Listing ID MDKE2000049
Sold Date 12/22/21
Originating Board BRIGHT
Year Built 1974
Annual Tax Amount $13,880
Tax Year 2020
Lot Size 0.350 Acres
Acres 0.35
Property Description
AUCTION! The auction will be held on-line and ends on November 11th at 1:00 pm. This former bank branch is located at the signalized intersection of Washington Avenue and Morgenec Road in historic Chestertown. The 2,007 sf building sits upon a 0.35 acre corner lot with access
from both roads. The building is in good condition and ready for use. The property has 12
marked parking spaces and one drive thru lane. The interior is built out as a typical bank branch
and includes an open lobby area, 4 teller windows, 2 offices, a large work room, a break room
and 1 bathroom. The property is zoned C-1, General Commercial District which permits a wide
variety of uses including retail, restaurant, barber shops and beauty salons, convenience stores
and much more. It is walking distance from Washington College and nearby retailers include
Walgreens, ACME and Tractor Supply. The property is located in both the Federal Opportunity
Zone and Kent County Enterprise Zone making it eligible for certain tax incentives.
This is an online auction.
IMPORTANT: List price is the opening bid - Actual price to be determined at AUCTION. Property has a tax assessment of $799,600 and will be sold to the high bidder over $250,000.
Location
State MD
County Kent
Zoning C-1
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Heat Source Electric
Exterior
Garage Spaces 12.0
Waterfront N
Water Access N
Accessibility 32\"+ wide Doors, Ramp - Main Level, Other
Parking Type Parking Lot
Total Parking Spaces 12
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Kent County Public Schools
Others
Tax ID 1504012615
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Auction
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Bought with Jeffrey E Stein • Tranzon Fox