305 E Water St Centreville, MD 21617
Centreville AreaEstimated payment $2,939/month
Highlights
- 0.47 Acre Lot
- More Than Two Accessible Exits
- Hot Water Baseboard Heater
- No HOA
About This Home
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!
Listing Agent
(443) 215-4663 marynleclair@chesapeakerea.com Chesapeake Real Estate Associates, LLC Brokerage Phone: 4432154663 License #RS-0036518 Listed on: 08/19/2026
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,577
Year Built
- Built in 1962
Lot Details
- 20,400 Sq Ft Lot
- Property is zoned C3
Home Design
- Slab Foundation
- Architectural Shingle Roof
Interior Spaces
- 3,300 Sq Ft Home
- Property has 2 Levels
- Laundry on upper level
Bedrooms and Bathrooms
- 2 Bedrooms
Parking
- 12 Open Parking Spaces
- 12 Parking Spaces
- Parking Lot
Accessible Home Design
- More Than Two Accessible Exits
Utilities
- Cooling System Mounted In Outer Wall Opening
- Window Unit Cooling System
- Heating System Uses Oil
- Hot Water Baseboard Heater
- Propane Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 1803018121
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $5,577 | $433,400 | $0 | $0 |
| 2025 | $5,577 | $414,000 | $0 | $0 |
| 2024 | $5,315 | $394,600 | $234,600 | $160,000 |
| 2023 | $5,256 | $390,167 | $0 | $0 |
| 2022 | $5,196 | $385,733 | $0 | $0 |
| 2021 | $5,201 | $381,300 | $204,000 | $177,300 |
| 2020 | $4,745 | $380,700 | $0 | $0 |
| 2019 | $4,734 | $380,100 | $0 | $0 |
| 2018 | $4,749 | $379,500 | $202,000 | $177,500 |
| 2017 | $4,492 | $356,500 | $0 | $0 |
| 2016 | -- | $333,500 | $0 | $0 |
| 2015 | $3,864 | $310,500 | $0 | $0 |
| 2014 | $3,864 | $307,833 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/19/2026 08/19/26 | For Sale | $450,000 | -- | $136 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $135,000 | -- | |
| Deed | $67,000 | -- |
Source: Bright MLS
MLS Number: MDQA2018338
APN: 03-018121
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