$450,000

305 E Water St, Centreville, MD, 21617

2

Beds

3

Baths

3,300

Square feet

0.47

Acres

Mixed-use commercial property offering exceptional exposure in a sought-after location. The first floor commercial space features about 1800+ sq' separated between a large retail space, office/kitchen , and storage space. The second floor includes a 2-bedroom, 1-bath apartment—ideal for owner occupancy or rental income. Seller financing may be available for buyers with 20% down, 5% interest, amortized at 15 years with a 5 year balloon. The building offers flexible layout potential and is truly ready for your vision. Downstairs can easily be divided into three sections to rent out separately. Situated on nearly a half-acre lot, the property boasts a generous parking area with 12+ 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. Take advantage of the seller financing opportunity and 5% rate!

Listing Details

OfficeChesapeake Real Estate Associates, LLC

Facts & Features

MLS® # MDQA2018338
Price $450,000
Bedrooms 2
Bathrooms 3.00
Full Baths 1
Half Baths 2
Square Footage 3,300
Acres 0.47
Year Built 1962
Type Residential
Sub-Type Detached
Style Other
Status Active

Community Information

Address 305 E Water St
Subdivision NONE AVAILABLE
City Centreville
County QUEEN ANNES-MD
State MD
Zip Code 21617
Senior Community No

Amenities

Is Waterfront No

Interior

Heating Baseboard - Hot Water
Cooling Wall Unit, Window Unit(s)
Fireplace No
# of Stories 2
Stories 2

Exterior

Exterior Block
Roof Architectural Shingle
Construction Block
Foundation Slab
Other Structures 10000001172,10000001174

School Information

District QUEEN ANNE'S COUNTY PUBLIC SCHOOLS

Additional Information

Date Listed August 19th, 2026
Days on Market 37
Zoning C3
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Map

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