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305 E Water Street , Centreville, MD 21617

$450,000
  • 305 E Water Street , Centreville, MD 21617 Main Photo

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New to the Market
BEDS2 BATHS1 full 2 partial SQUARE FEET3,300 MLS#MDQA2018338
STATUSACTIVE PROPERTY TYPEResidential - Single Family SCHOOLQUEEN ANNES COUNTY PUBLIC SCHOOLS

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!

305 E Water Street | MLS# MDQA2018338

This single family home located at 305 E Water Street , Centreville, MD 21617 is currently listed for sale with an asking price of $450,000. This property was built in 1962 and has 2 bedrooms and 1 full and 2 partial baths with 3300 sq. ft. E Water Street is located within the QUEEN ANNES COUNTY PUBLIC SCHOOLS school district. Search Centreville real estate on www.yermangainesteam.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Wall Unit, Window Unit(s)
Fuel Type: Oil
Heating: Baseboard - Hot Water
Lot Size: 0.47 Acres
Roof Type: Architectural Shingle
Stories: 2.0
Taxes: $5,577
Year Built: 1962

Feature Descriptions

Accessibility: 2+ Access Exits
Additional Structures: Above Grade, Below Grade
Exterior: Block
Lot Dimensions: 0.47 Acre(S)
Municipality: Centreville
Parking Notes: 12 Total Parking Spaces
Sewer: Public Sewer
SQFT Above Finished: 3300
SQFT Total Finished: 3300
Structure Type: Detached
Total Garage/Parking Spaces: 12
Water: Public

Local Schools

School District: QUEEN ANNES COUNTY PUBLIC SCHOOLS

Listed By / Shown By

Listed By

Agency Name: Chesapeake Real Estate Associates, LLC
Agency Phone: 4432154663

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Estimated Payment

$ 1,597.50 per month $1,001.50 Principal & Interest $464.75 Property Tax $131.25 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 08/21/2026. The listing information on this page last changed on 08/21/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 08/21/2026 12:00:02 AM EST) or Bright MLS (last updated Thu 08/20/2026 11:53:03 PM EST). Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Homesale Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Agent License Information: 
Licensed in Maryland
The Gaines Group
Brandon Gaines, Jeffrey Gaines, Colin Gaines 

1425 Clarkview Road, Suite 700, Baltimore, MD 21209
410-583-0400

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