500 Double Creek Point Road
Chestertown, MD 21620
MLS #QA10055128

Commercial
    $5,900,000
    Est. P&I payment: $22534/mo
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    Description for 500 Double Creek Point Road, Chestertown, MD 21620
    BANKRUPTCY AUCTION - Bids due 10/5/17. Stable $1M+/-Income. Campground with 353 sites with 322 seasonal customers, all have water, septic & electric. Store with deli, 2 bath houses, pavilion, sandy beach with large dock. Separate dock for crabbing. Swimming pool, 11% cap rate! Current managers have been here for 16 years. 1,837 ft Chester River frontage and 4,897 ft Chester Creek frontage.
    MLS #QA10055128
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    My Notes for MLS #QA10055128

    General Features

    • Property Type: Commercial
    • Comm Industrial Type: Office
    • Zoning Code: CS

    Exterior Features

    • Lot Area Acre: 89.769995
    • Lot Size Area: 3,910,381
    • Water Front: Y
    • Water Frontage: 6,734
    • Physical Dock Slip Conveys: Yes
    • Mean Low Water: 4+
    • Navigable Water: Yes
    • Docks: 2
    • Water Access: Yes
    • Property Against Water: Yes
    • Water View: No
    • Body Of Water: CHESTER RIVER & RABBIT CREEK
    • Parking: Free

    Utilities Features

    • Sewer Septic: Septic
    • Water: Well

    Financial Features

    • Total Taxes: 25,500.13
    • Total Taxes Payment Freq: Annually
    • County Tax: 25,440.13
    • County Tax Payment Freq: Annually
    • Tax Year: 2016
    • Improvement Assessment Amount: 1,488,300
    • Improvement Assessment Payment Freq: Annually
    • Land Assessment Amount: 2,358,300
    • Land Assessment Payment Freq: Annually
    • Total Assessment: 3,846,600
    • Total Assessment Payment Freq: Annually
    • Assessment Year: 2017
    • Special Tax Assessment: 60
    • Special Tax Assessment Payment Freq: Annually
    • Gross Income: 985,962
    • Monthly Gross Rent: 82,163
    • Expenses: 212,500

    Community Features

    Misc Features

    • Year Built: 1976
    • Occupied: Yes
    • Vacancy Factor: 21
    • Tenancy: 1 Year Lease(s)
    • Auction: Y
    • Foreclosure: N
    • Potential Short Sale: No

    Location

     
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    The listing information for 500 Double Creek Point Road, Chestertown, MD 21620 was graciously provided by our friends at the listing brokerage, Whitney-Wallace Commercial Real Estate Services,

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    P&I Payment $22534
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    MRIS is the source of the listing information and listings are provided by various brokerages who participate in the MRIS IDX program. Listings provided by brokerages other than the owner of this website show the listing brokerage on the listing details page. This website is not an MLS nor does it represent the full data set of the MRIS Multiple Listing Service (MLS).
    Last Updated 11/24/2017 at 8:32pm
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