AUCTION! The auction will be held on-line and ends on November 11th at 1:00 pm. This former bank branch is located at the signalized intersection of Washington Avenue and Morgenec Road in historic Chestertown. The 2,007 sf building sits upon a 0.35 acre corner lot with access
from both roads. The building is in good condition and ready for use. The property has 12
marked parking spaces and one drive thru lane. The interior is built out as a typical bank branch
and includes an open lobby area, 4 teller windows, 2 offices, a large work room, a break room
and 1 bathroom. The property is zoned C-1, General Commercial District which permits a wide
variety of uses including retail, restaurant, barber shops and beauty salons, convenience stores
and much more. It is walking distance from Washington College and nearby retailers include
Walgreens, ACME and Tractor Supply. The property is located in both the Federal Opportunity
Zone and Kent County Enterprise Zone making it eligible for certain tax incentives.
This is an online auction. To bid online simply register on Tranzon.com.
IMPORTANT: List price is the opening bid - Actual price to be determined at AUCTION. Property has a tax assessment of $799,600 and will be sold to the high bidder over $250,000.