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870 High Street

CHESTERTOWN, MD 21620
  • $1,870,000
  • STATUS: Active
  • ON SITE: 25 Days
  • ID#: MDKE2004140
UPDATED: 110 min ago
$1,870,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1891
County:

School Ratings & Info

School District:

Description

Radcliffe Mill presents an exceptional opportunity for a savvy investor looking for value and a one-of-a-kind investment with endless possibilities. Transformed in a major restoration in 2007 The Mill building features four floors of office space and a 70+ seat restaurant. Additionally, there is an undeveloped Grain Elevator, parking for 65 vehicles, and a dedicated loading dock for the restaurant.Having played a significant role in Kent Countys agricultural landscape since 1694, Radcliffe Mill underwent a historic restoration in 2007, transforming it into its current use with over 16,000 square feet of finished space. The centerpiece is the four-story mill building, dating back to 1891. The restoration seamlessly blended modern amenities like an elevator, sprinkler system and HVAC systems, with original exposed beams and reclaimed flooring. While currently configured as office space across four floors, the property's zoning permits various uses, including conversion to apartments. Caf Sado, a local sushi restaurant, is also housed within the mill building and has a long-term lease in place. All of the major restaurant equipment is included in the sale. The unfinished Grain Elevator, awaiting the creativity of a new buyer. Radcliffe Mill is on the National Register of Historic Places (see documents), and having previously received historic preservation tax credits a new owner could benefit from a shorter process for further property development and improvement tax credits. The property is also in a Maryland Enterprise Zone, and an Opportunity Zone and eligible for energy improvement incentive programs. Radcliffe Mill is strategically located one-mile from downtown Chestertown, a short walk along the rail trail, which used to run directly to the grain elevator. Founded in 1706 on the banks of the Chester River, Chestertown is home to Washington College. Located approximately 80 miles from Washington, DC and Philadelphia, PA and an hour from Wilmington, DE, Chestertown hosts a number of vibrant festivals throughout the year and an active arts and entertainment district.The property consists of two different parcels, and each parcel is being offered for sale separately, or the entire property can be purchased as a package. The sale of either 860 or 870 High Street individually is contingent on a lot line adjustment.Buyers requesting additional information must sign a Non-Disclosure Agreement.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Pearson Smith Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-07-13T16:53:23.607.
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870 High Street CHESTERTOWN, MD 21620

  • Price: $1,870,000
  • Status: Active
  • On Site: 25 Days
  • Updated: 110 min ago
  • ID#: MDKE2004140
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1891
Built
County:
Kent
School District:
Kent County Public Schools
Property Description
Radcliffe Mill presents an exceptional opportunity for a savvy investor looking for value and a one-of-a-kind investment with endless possibilities. Transformed in a major restoration in 2007 The Mill building features four floors of office space and a 70+ seat restaurant. Additionally, there is an undeveloped Grain Elevator, parking for 65 vehicles, and a dedicated loading dock for the restaurant.Having played a significant role in Kent Countys agricultural landscape since 1694, Radcliffe Mill underwent a historic restoration in 2007, transforming it into its current use with over 16,000 square feet of finished space. The centerpiece is the four-story mill building, dating back to 1891. The restoration seamlessly blended modern amenities like an elevator, sprinkler system and HVAC systems, with original exposed beams and reclaimed flooring. While currently configured as office space across four floors, the property's zoning permits various uses, including conversion to apartments. Caf Sado, a local sushi restaurant, is also housed within the mill building and has a long-term lease in place. All of the major restaurant equipment is included in the sale. The unfinished Grain Elevator, awaiting the creativity of a new buyer. Radcliffe Mill is on the National Register of Historic Places (see documents), and having previously received historic preservation tax credits a new owner could benefit from a shorter process for further property development and improvement tax credits. The property is also in a Maryland Enterprise Zone, and an Opportunity Zone and eligible for energy improvement incentive programs. Radcliffe Mill is strategically located one-mile from downtown Chestertown, a short walk along the rail trail, which used to run directly to the grain elevator. Founded in 1706 on the banks of the Chester River, Chestertown is home to Washington College. Located approximately 80 miles from Washington, DC and Philadelphia, PA and an hour from Wilmington, DE, Chestertown hosts a number of vibrant festivals throughout the year and an active arts and entertainment district.The property consists of two different parcels, and each parcel is being offered for sale separately, or the entire property can be purchased as a package. The sale of either 860 or 870 High Street individually is contingent on a lot line adjustment.Buyers requesting additional information must sign a Non-Disclosure Agreement.
Exterior Features

Construction Materials Wood SidingMetal Siding Garage YN No Location Type Free Standing Parking Features Handicap ParkingLighted ParkingPaved ParkingPrivateSurface Parking Types Parking Lot Property Condition Excellent Roof MetalShake Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 16977.00 Cooling Central A/C Flooring WoodCeramic Tile Heating Heat Pump(s) Heating YN Yes Inclusions Major kitchen equipment in the restaurant. Some office furnishings are negotiable. Net Square Feet 16977.00 Security Features Carbon Monoxide Detector(s)Fire Detection SystemMonitoredSprinkler System - Indoor

Property Features

Accessibility Features 32"+ wide Doors36"+ wide HallsLevel Entry - MainNo StairsRamp - Main LevelElevator Central Air YN Yes Cooling Fuel Electric Current Use Professional ServiceOther Elevators 1 Heating Fuel Electric Hot Water Electric Municipality Chestertown Navigable Water YN N New Construction YN No Number Of Units Total 2 Original MLSNumber 803151970436 Ownership Interest Other Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 37212.00 Utilities Propane Vacation Rental YN No Water Source Public Year Built Effective 2007 Zoning C-3

Listing courtesy of Taylor Properties: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Pearson Smith Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-07-13T16:53:23.607.
 
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