About 305 E Water St
Mixed-use 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. Seller financing may be available for buyers with 20% down, 5% interest, amortized at 15 years with a 5 year balloon. 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® # | MDQA2018338 |
|---|---|
| Price | $450,000 |
| Bedrooms | 2 |
| Bathrooms | 2.00 |
| Full Baths | 1 |
| Half Baths | 2 |
| Square Footage | 3,300 |
| Acres | 0.47 |
| Year Built | 1962 |
| Type | Residential |
| Sub-Type | Detached |
| Style | Other |
| Status | Active |
Community Information
| Address | 305 E Water St |
|---|---|
| Subdivision | NONE AVAILABLE |
| 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) |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 2 |
| Stories | 2 |
Exterior
| Exterior | Block |
|---|---|
| Roof | Architectural Shingle |
| Construction | Block |
| Foundation | Slab |
School Information
| District | QUEEN ANNE'S COUNTY PUBLIC SCHOOLS |
|---|
Additional Information
| Date Listed | August 19th, 2026 |
|---|---|
| Days on Market | 22 |
| Zoning | C3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Chesapeake Real Estate Associates, LLC |
|---|
