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305 E WATER STREET
Centreville, MD 21617
FOR
SALE
$450,000
Active
2
Beds
3
Baths
0.47
Acres
1962
Yr. Built
MLS# MDQA2018338
Cumulative Days on Market: 46 · Includes prior listings · Currently listed since 08/19/26 · Data provided by the MLS.

Property Description

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!

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Property Highlights

Property Type
Residential
Property Sub Type
Single Family Residence
Architectural Style
Other
Bedrooms
2
Total Bathrooms
3
Living Area
3,300
Price / Sqft
$136
Acres
0.47
Year Built
1962
Cumulative Days On Market
23

Location

City/Township
CENTREVILLE
Subdivision
NONE AVAILABLE
County
QUEEN ANNES-MD
Zoning
C3

Property Details

Price
$450,000
Property Type
Residential
Property Sub Type
Single Family Residence

Building

Levels
2
Stories
2

Interior Features

Bedrooms and Bathrooms

Total Bathrooms
3
Full Bathrooms
1
1/2 Bathrooms
2
Bedrooms
2

Area and Spaces

Living Area
3,300
Above Grade Finished Area
3,300 Sqft

Interior Features

Accessibility Features
2+ Access Exits

Heating and Cooling

Heating Features
Baseboard - Hot Water

Building Details

Construction

Architectural Style
Other
Year Built
1962
Foundations
Slab
Structure Design Type
Detached

Materials

Construction Materials
Block
Roof
Architectural Shingle

Terms

Terms

Ownership
Fee Simple
Cumulative Days On Market
23

Taxes

Tax

Tax (Annual)
$5,577

Heating, Cooling & Utilities

Cooling Features
Wall Unit, Window Unit(s)

Utilities

Sewer
Public Sewer
Water Source
Public

Lot

Acres
0.47
Lot Size Area Sq Ft
20,400
Listed by Chesapeake Real Estate Associates, LLC
Listing Data last updated 09/11/2026 10:20 am
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All estimates and provided for informational purposes only. Actual amounts may vary. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. Information, rates, programs and loan scenarios shown are for example only as of 11-Sep-2026 and are subject to change without notice. Interest rates provided by the St. Louis Federal Reserve Economic Data (FRED). All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions and limitations apply. Contact your preferred lender for the pricing associated with your specific transaction. Calculations are generated by Open Source mortgage calculation software tools using common mathematical formulas. All calculations should be independently verified.
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Property History

Yesterday
Property information last updated
23 days ago
Status Active. This is the date the listing was placed on market.
Cumulative Days on Market: 46 days (includes prior listings) · Currently listed since August 19, 2026. Data provided by the MLS.

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