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$690,000

  • Sold
  • Closed
  • Business
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Don't miss out on the opportunity to own this restaurant and bar located in Historic Downtown Chestertown. 98 Cannon offers both indoor and outdoor dining with panoramic views of the Chester River. Ideally located next to the Chestertown Marina so patrons can dock and dine. Ample parking---13 owned spots, 26 shared spots, plus on-street parking. Chestertown's only restaurant on the River. Unlimited potential for year-round income. Chestertown is located 90 minutes from Baltimore, DC, and Philadelphia and less than 1 hour from Annapolis. Enterprise Zone tax credits available. Buyers requesting additional information must sign NDA. Property is being sold as-is.

Full Property Details for 98 Cannon St

General

  • Sold For: $690,000
  • Taxes: $9,872 (2023)
  • Status: Closed
  • Type: Business
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDKE2002356
  • Added to Site: 1, 107 day(s) ago

Business

  • Business Type: Restaurant/Bar

Parking

  • Total Spaces: 40
  • Parking Features: Lighted Parking, Paved Parking
  • Parking Type: Parking Lot, On Street

Location

  • Municipality: Chestertown
  • County: Kent
  • Driving Directions: Rt. 213 across the Chester River Bridge into Chestertown. First left after Bridge on Water Street. Cross High Street, left on Cannon Street. 98 Cannon is at the end of the road on the waterfront.
  • Location Details: Downtown
  • City Limits: Yes

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Other
  • Heating Fuel: Electric
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Dist. to Water: 1 Feet

Structural Information

  • Construction: Other
  • Stories/Levels: 0
  • Year Built: 2004
  • Year Built Source: Assessor

Unit Information

  • # Tenants: Single

Lot Features

  • Property View: Marina, River, Panoramic
  • Lot Size (Acres): 0.42
  • Lot Size (Sq. Ft.): 18,295
  • Lot Size Source: Assessor
  • Lot Features: Bulkheaded, Year Round Access
  • Zoning: CM
  • Lot Description: Bulkheaded, Year Round Access

Water Features

  • Water View: Yes
  • Navigable Water: Yes
  • Water Access: Yes
  • Water Access Desc: Public Access
  • Water Front Type: River
  • Water Front Name: Chester River

Financial Considerations

  • Price Per Sq. Ft.: $176.48
  • Assessment Year: 2023
  • City/TownTax: $2,728
  • City/TownTax Freq: Annually
  • County Tax: $7,143
  • County Tax Freq: Annually
  • Tax w/Assessment: $629,900
  • Tax Amount: $9,872
  • Tax Year: 2023

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot Number: 2

Listed by Benson & Mangold, LLC, Courtney Chipouras
Sold by Benson & Mangold, LLC, Courtney Chipouras

Listing agent

— 98 Cannon St —

  • Courtney Chipouras

    Benson & Mangold, LLC

Get Pre-Approved Today

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with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 98 Cannon St

School District:Kent County Public Schools
NameGradesDistance
Kent County Middle School
402 East Campus Avenue, Chestertown, MD 21620
6-80.8 mi
Kent County High School
25301 Lambs Meadow Road, Worton, MD 21678
9-125.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 98 Cannon St

Date
Details
Price
Change
Source
6/27/2024
Sold
$690,000
-23.25%
MLS
10/23/2023
Price Reduced
$899,000
-5.37%
MLS
6/21/2023
Price Reduced
$950,000
-26.36%
MLS
2/10/2023
Listed
$1,290,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Benson & Mangold, LLC, Courtney Chipouras
Sold by Benson & Mangold, LLC, Courtney Chipouras

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98 Cannon Street, Chestertown, MD 21620 (MLS# MDKE2002356) is a Business property that was sold at $690,000 on June 27, 2024. Want to learn more about 98 Cannon Street? Do you have questions about finding other Business real estate for sale in Chestertown? You can browse all Chestertown real estate or contact a Coldwell Banker agent to request more information.