About 305 E Water St
Prime Business Opportunity on High-Visibility Water Street in Centreville! Seller financing may be available for buyers with 20% down, 5% interest, amortized at 15 years with a 5 year balloon. Well-established 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. 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!
Features of 305 E Water St
| MLS® # | MDQA2015854 |
|---|---|
| Price | $450,000 |
| Bathrooms | 0.00 |
| Square Footage | 3,300 |
| Acres | 0.47 |
| Year Built | 1962 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 305 E Water St |
|---|---|
| City | CENTREVILLE |
| County | QUEEN ANNES-MD |
| State | MD |
| Municipality | Centreville |
| Zip Code | 21617 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Baseboard - Hot Water |
|---|---|
| Cooling | Wall Unit, Window Unit(s) |
| # of Stories | 2 |
Exterior
| Exterior | Block |
|---|---|
| Roof | Architectural Shingle |
| Construction | Block |
| Foundation | Slab |
Additional Information
| Date Listed | February 6th, 2026 |
|---|---|
| Days on Market | 216 |
| Zoning | C3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Chesapeake Real Estate Associates, LLC |
|---|