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Request Info$500,000
ACTIVE
305 E WATER STREET Overview
- Time on Site:
- 164 days
- Visits:
- 4
Prime Business Opportunity on High-Visibility Water Street in Centreville! Well-established commercial property offering exceptional exposure in a sought-after location. The first floor features a large retail, office, and storage space that has successfully housed a communications company for 26 years. The second floor includes a 2-bedroom, 1-bath apartment—ideal for owner occupancy or rental income. Previously operated as a restaurant, the building offers flexible layout potential and is truly ready for your vision. Situated on nearly a half-acre lot, the property boasts a generous parking area with 15+ spaces and room for future expansion. A rare opportunity for entrepreneurs, investors, or owner-operators looking to establish or grow their business in the heart of Centreville.
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305 E WATER STREET Facts & Features
- Type Commercial
- Sq. ft. 3,300
- Price/Sq.ft. $152
- Lot 0.47 Acres
Details
General
Listing Information
- Real Estate Owned: No
- Short Sale: No
Building Information
- New Construction: No
- Year Built: 1962
Business Information
- Business Type: Apartment Building,Other/General Retail,Professional,Storage,Warehouse,Other
Location/Region
- Country: US
- County: QUEEN ANNES
- County Or Parish: QUEEN ANNES
- In City Limits: Yes
Parking Information
- Total Parking Spaces: 18
- Type of Parking: Parking Lot
Tax Information
- City/Town Tax: 2214.00
- City/Town Tax Payment Frequency: Annually
- County Tax: 3362.00
- County Tax Payment Frequency: Annually
- Tax Annual Amount: $5,577.00
- Tax Assessed Value: 414000.00
- Tax Year: 2025
General Information
- Municipal Trash: Yes
- Property Sub Type: Mixed Use
- Property Type: Commercial Sale
- School District Name: QUEEN ANNE'S COUNTY PUBLIC SCHOOLS
- Special Listing Conditions: Standard
- Vacation Rental: No
- Year Assessed: 2025
- Zoning: C3
Unit Information
- Other Units: Unit 1,Unit 2
Interior
Building Information
- Cooling Fuel: Electric
- Heating Fuel: Oil
- Total Drive In Doors: 0
Parking Information
- Garage: No
Building Interior
- Building Area Source: Assessor
- Building Area Total: 3300.00
- Central Air: No
- Elevators Count: 0
- Hot Water: Propane
General Information
- Accessibility Features: 2+ Access Exits
- Cooling: Wall Unit, Window Unit(s)
- Entry Level: 1
- Foundation Details: Slab
- Stories Total: 2
Exterior
Building Information
- Total Loading Docks: 0
Lot Information
- Lot Size Acres: 0.47
- Lot Size Source: Assessor
- Lot Size Square Feet: 20400.00
- Lot Size Units: Square Feet
- Water Source: Public
Waterfront/View
- Water Oriented: No
- Water View: No
- Waterfront: No
Building Exterior/Construction
- Construction Materials: Block
- Roof: Architectural Shingle
General Information
- Number Of Units Total: 2
- Sewer: Public Sewer
- Water Access: No
Unit Information
Unit 1 Details
- Unit Type: Unit 1
Unit 2 Details
- Unit Type: Unit 2
- Description: 2 bedroom, 1 bath
305 E WATER STREET Neighborhood
Community
21617 (CENTREVILLE) Demographics
44
Median Age
89
Population Density (per sq. mile)
44%
College Educated
$106,025
Estimated Median Income
3,058
Estimated Total Home Owners
551
Estimated Total Renters
85% / 15%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
305 E WATER STREET Monthly Cost
305 E WATER STREET Market Data
Based on the last 30 days in this zip code
$596,546
Average List Price
$240
Average Price per Square Foot
9
Properties Sold
87
Average Days on Market
80
Properties for Sale
305 E WATER STREET History
| Date | Value | Agent |
|---|---|---|
| 2/5/2026Source: BRIGHT MLS | ACTIVE |
|
| 1/16/2026Source: BRIGHT MLS | January 16, 2026 |
Listing provided courtesy of Chesapeake Real Estate Associates, LLC- MLS# MDQA2015854
Contact Information: 4432154663
Contact Information: 4432154663