4
Map
$250,000
●
Land -
For Sale
SCHEELER ROAD LOT 2
CHESTERTOWN, MD 21620
Studio
0 Bath
$1,365
Est. Monthly
About This Property
This prime commercial lot presents an exceptional opportunity for
your next business venture. Situated on Scheeler Road, this 0.85±
acre parcel is zoned C-1, allowing for a wide range of commercial
uses. With limited commercial land available in both the town and
county, this is a rare offering in a desirable location with strong
potential for visibility and customer traffic. There is also
potential for R-4 (Residential) zoning, subject to town planning
and zoning approval. Ideal for retail, office space, or
service-oriented businesses, the property is ready for development.
Buyers are encouraged to confirm specific zoning regulations,
permitted uses, public water and sewer hook-up fees and taxes to
ensure the property suits their intended plans. Whether you are
looking to expand your business or invest in a growing area, this
lot offers an excellent foundation for future success. Do not miss
this rare opportunity.
Unit Size
-
Days on Market
-
Land Size
0.85 acres
Price per sqft
-
Property Type
Land
Property Taxes
$137
HOA Dues
-
Year Built
-
Listed By
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 6 months ago (Bright MLS #MDKE2006290)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 26, 2026 | Listed by Select Land & Homes, LLC | $250,000 | |
| Listed by Select Land & Homes, LLC | |||
| Mar 14, 2025 | Price Decreased |
$250,000
↓ $100K
(28.6%) | |
| Price Decreased | |||
| Nov 20, 2024 | Listed | $349,999 | |
| Listed | |||
| | |||
|
This prime commercial lot offers an exceptional opportunity for your next business venture. Situated at the highly visible corner of Scheeler Road and Haacke Drive, this 0.93+/- acre parcel is zoned C-1, which allows for a variety of commercial uses. With limited commercial land available in the County, this is a rare find in a desirable location with great potential for visibility and customer traffic. There is also potential for R-4 (Residential) zoning, depending on the town's planning and zoning approval. Ideal for retail, office space, or service-oriented businesses, the property is ready for development. Buyers are encouraged to check with the town regarding specific zoning regulations, potential use, and public water/sewer hook-up fees to ensure a smooth development process. Whether you’re looking to expand your business or invest in a growing area, this lot offers the perfect foundation for success. Don’t miss out on this rare opportunity!
| |||
Property Highlights
With View
Exterior Details
Lot Features: Cleared, Level, Open, Road Frontage
Lot Size Area: 37026
Lot Size Units: Square Feet
Lot Size Acres: 0.85
Lot Size Square Feet: 37026
Water Source: Public
Financial Details
Tax Annual Amount: $1,639
Utilities Details
Sewer : Public Sewer
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Chestertown
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: William H Norris III
Select Land & Homes, LLC
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# MDKE2006290
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information 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 on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Select Land & Homes, LLC
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# MDKE2006290
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017