UPDATED:
09/24/2024 06:06 AM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 16,977 sqft
Price per Sqft $159
MLS Listing ID MDKE2003850
Originating Board BRIGHT
Year Built 1891
Annual Tax Amount $38,285
Tax Year 2024
Property Description
Having played a significant role in Kent County’s agricultural landscape since 1694, Radcliffe Mill underwent a historic restoration in 2007, transforming it into its current use with over 16,000 square feet of finished space. The centerpiece is the four-story mill building, dating back to 1891. The restoration seamlessly blended modern amenities like an elevator, sprinkler system and HVAC systems, with original features such as exposed beams and reclaimed flooring. While currently configured as office space across four floors, the property's zoning permits various uses, including conversion to apartments. Café Sado, a local sushi restaurant, is also housed within the mill building. All of the major restaurant equipment is included in the sale.
The Annex dates back to the early 1900s and The Seed House to the 1970s. Today, the blended building features soaring ceilings, exposed woodwork, and meticulously restored standing end 2x4 flooring. Presently, the building accommodates a diverse range of wellness practitioners, with the studio space and café awaiting the creative touch of a new occupant. The sale includes all café equipment, including refrigerators, freezer, ice maker, keg tap, a warming oven and more. Four of The Seed Offices are on the ground floor, with a fourth office on the second floor, along with additional storage and laundry facilities. Finally, there is an unfinished Grain Elevator, awaiting the creativity of a new buyer.
Radcliffe Mill is on the National Register of Historic Places (see documents), and having previously received historic preservation tax credits a new owner could benefit from a shorter process for further property development and improvement tax credits. The property is also in a Maryland Enterprise Zone, and an Opportunity Zone and eligible for energy improvement incentive programs. Radcliffe Mill is strategically located one-mile from downtown Chestertown, a short walk along the rail trail, which used to run directly to the grain elevator. Founded in 1706 on the banks of the Chester River, Chestertown is home to Washington College. Located approximately 80 miles from Washington, DC and Philadelphia, PA and an hour from Wilmington, DE, Chestertown hosts a number of vibrant festivals throughout the year and an active arts and entertainment district.
The property consists of two different parcels, and each parcel is also being offered for sale separately.
Buyers requesting additional information must sign a Non-Disclosure Agreement.
Location
State MD
County Kent
Zoning C-3
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Central A/C
Flooring Wood, Ceramic Tile
Inclusions Major kitchen equipment in the restaurant. All equipment in the cafe is included. Some office furnishings are negotiable.
Heat Source Electric
Exterior
Garage Spaces 67.0
Utilities Available Propane
Waterfront N
Water Access N
Roof Type Metal,Shake
Accessibility 32\"+ wide Doors, 36\"+ wide Halls, Level Entry - Main, No Stairs, Ramp - Main Level, Elevator
Parking Type Parking Lot
Total Parking Spaces 67
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Kent County Public Schools
Others
Tax ID 1504000404
Ownership Other
Security Features Carbon Monoxide Detector(s),Fire Detection System,Monitored,Sprinkler System - Indoor
Special Listing Condition Standard
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