305 E Water Street Centreville, MD ^$ 500,000

305 E Water Street

^$ 500,000

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305 E Water Street

Centreville, MD, 21617

^$ 500,000

Bedrooms-- Baths-- Sq 3,300

Monthly Estimate*

^$ 3,079

305 E Water Street, Centreville, MD 21617 - Image 1

305 E Water Street, Centreville, MD 21617 - Image 2

305 E Water Street, Centreville, MD 21617 - Image 3

305 E Water Street, Centreville, MD 21617 - Image 4

305 E Water Street, Centreville, MD 21617 - Image 5

305 E Water Street, Centreville, MD 21617 - Image 6

305 E Water Street, Centreville, MD 21617 - Image 7

305 E Water Street, Centreville, MD 21617 - Image 8

305 E Water Street, Centreville, MD 21617 - Image 9

305 E Water Street, Centreville, MD 21617 - Image 10

Commercial Property for sale in Centreville, MD

for $500,000. This 3,300 square foot building was built in 1962 on a lot size of 0.47.

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 office and storage area that has successfully housed a communications company for 26 years. The second floor includes a 2-bedroom, 1-bath apartmentideal 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.

Commercial Coming Soon

Price

^$ 500,000

Property Type

Commercial

Taxes

^$ 5,577

Style

Apartment Building,/General Retail,Professional,St

Lot Size

0.47

Year Built

1962

Town/City

Centreville

County/Region

Queen Annes

MLS | Web ID

MDQA2015854

Features

Interior

Heating Fuel Oil

Hot Water Propane

Total Stories 2

Heating Y/N Y

Central Air Y/N N

Entry Level 1

Number of Elevators 0

General

Sewer Public Sewer

Heating Baseboard - Hot Water

Cooling Wall Unit Window Unit(s)

Possession 31-60 Days CD 61-90 Days CD

Roof Architectural Shingle

Zoning C3

Construction Materials Block

Year Built 1962

Property Subtype Mixed Use

Tax Year 2025

Ownership Fee Simple

Cool Fuel Electric

Municipality Centreville

Business Type Apartment Building Other/General Retail Professional Storage Warehouse Other

Accessibility 2+ Access Exits

County QUEEN ANNES

New Construction N

Property Type Commercial Sale

Possible Use Apartments Automotive Bar/Tavern/Lounge Barber/Beauty Commercial Convenience Store Day Care Financial Florist/Nursery Food & Beverage Food Market Institutional Investment Laundromat Medical/Dental Mi

Water Access Y/N N

Status COMING SOON

Directions gps

City CENTREVILLE

Number Of Units Total 2

Lot Size Units Square Feet

Lot Size Square Feet 20400.00

Tax Annual Amount 5577.0

Price Per Sq Ft Total AG 151.52

Vacation Rental Y/N N

Standard Status Coming Soon

Year Built Source Assessor

Exterior

Water Source Public

Type of Parking Parking Lot

Foundation Details Slab

Water View Y/N N

Building Area Total 3300.00

Lot Size Acres 0.47

Lot Size Source Assessor

Waterfront Y/N N

Land Assessed Value 285600.00

Navigable Water Y/N N

Water Oriented Y/N N

Internal Only

Street Number 1 305

* Excluded Features

List By

Chesapeake Real Estate Associates, Llc

Broker

marynleclair@chesapeakerea.com

Affordability Calculator

$3,543

Per Month

Monthly Principal & Interest: $3,079
Monthly Property Taxes: $465
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Centreville, MD

Average List Price ^$250,000

Percent of Sale Price 50%

About Centreville, MD

4,662 Population

97% Since 2002

^$100,571 Median Income

42.13 Median Age

37% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2136830 Elementary School

2137124 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/17/2026	$500,000		Listed Price

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305 E Water Street, Centreville, MD, 21617 is a Commercial Property for sale at $500,000 with 3,300 sqft and a lot size of 0.47. 305 E Water Street was built in 1962. The property's zip code is 21617 which is in Centreville, MD

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BrightMLS Broker Reciprocity^SM program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Weichert, Realtors® participates, and is provided by BrightMLS through a licensing agreement.

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305 E Water Street

Commercial Property for sale in Centreville, MD

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