Address
11049 Racetrack Road # A & B & C, Berlin, MD
Price
$ 1,650,000
Property Attributes
- MLS#MDWO2016606
- TypeContingent
- CountyWORCESTER
- CityBerlin
- AreaWorcester East of Rt-113
- Zip21811
- StyleProfessional
- Year Built1984
- Taxes$ 10338
- Price$ 1,650,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage6000
- Lot Size2.79 Acres
Data Source:
Bright MLS
Property Description
Check out this prime commercial real estate opportunity on Racetrack Road in Ocean Pines, MD! This 2.79 acre property with two office buildings offers the perfect combination of location, robust tenant profile, and expansion potential - making it ideal for seasoned investors or budding entrepreneurs alike. Strategically located in the heart of Ocean Pines, these high-profile buildings ensure maximum visibility and traffic. Both buildings are currently occupied and fully leased: one by a reputable real estate company and the other, by the local chamber of commerce. Further details are available upon request. Detailed Property Breakdown: - Parcel A & B: Covering 1.2 acres and hosting two buildings. Building A is approximately 3000 .25 sqft, while Building B extends to about 1,724 sqft. Both parcels benefit from a generous 131.48 feet of direct access to Rt 589. - Parcel C: Is 1.36 acres of unimproved commercial land situated directly behind Parcels A and B. An already approved interconnector provides direct access to Parcel C from the neighboring shopping center. Refer to the provided survey for visual details. Equipped with water and sewer with additional EDUs available for purchase from the county as required. While Parcels A and B will be sold together, Parcel C can be acquired separately. Nevertheless, the true value shines in owning all three parcels, creating a comprehensive commercial property powerhouse. The sale includes Tax ID numbers 03-165361, 03-165388, and 03-012573. The possibilities are endless. Act now to capitalize on this unique opportunity to own prime real estate in a rapidly growing area. Contact the listing agent directly for detailed information and to schedule a viewing. Sqft and acres are estimates.
| Price History | |
|---|---|
| 11/1/2023 | Listed $1,650,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Heat Pump(s) |
| Cooling | Central A/C |
| Utilities | Cable TV Available,Electric Available,Natural Gas Available,Phone Available |
| Possession | Subject to Existing Lease |
| Roof | Asphalt |
| Zoning | COMMERCIAL |
| Construction Materials | Concrete |
| Year Built | 1984 |
| Electric | 220 Volts |
| Unit Number | A & B & C |
| Property SubType | Mixed Use |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Business Type | Professional |
| Accessibility | Ramp - Main Level |
| County | WORCESTER |
| New Construction | No |
| Property Type | Commercial Sale |
| Possible Use | Bar/Tavern/Lounge,Bed & Breakfast,Beer/Wine/Liquor,Commercial,Development,Drive-Thru,Food & Beverage,Hotel/Motel,Laundromat,Liquor Store,Professional Service,Restaurant,Retail,Shopping Center |
| Water Access Y/N | No |
| Status | ACTIVE UNDER CONTRACT |
| Directions | From Rt 50 West turn right on to RT 589. Follow about 2 miles both properties on the left |
| ModificationTimestamp | 2024-03-07T14:20:40 |
| City | BERLIN |
| Buyer Agent Compensation | 2.5 |
| MLS Area | Worcester East of Rt-113 |
| Lot Size Square Feet | 121532.40 |
| Tax Assessed Value | 1074000.0 |
| Waterfront Y/N | No |
| Street Name | RACETRACK |
| Tax Annual Amount | 10338.18 |
| Trash Expense | 0.00 |
| Price Per Sq Ft | 275.0 |
| Acceptable Financing | Conventional,Cash |
| Vacation Rental Y/N | No |
| Days on Market | 128 |
| Standard Status | Active Under Contract |
| Year Built Source | Estimated |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Hot Water | Electric |
| Heating Y/N | Yes |
| Street Suffix | ROAD |
| Central Air Y/N | Yes |
| Total Restrooms | 5 |
Exterior Features
| Lot Features | Additional Lot(s) |
|---|---|
| Water Source | Public |
| Total Parking Spaces | 36 |
| Type of Parking | Parking Lot |
| Water View Y/N | No |
| Building Area Total | 6000.00 |
| Lot Size Acres | 2.79 |
| Road Surface Type | US Highway/Interstate |
| Lot Size Units | Square Feet |
| Lot Size Source | Estimated |
| Road Responsibility | Public |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| Car Parking Spaces | 34 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Contingent Average in 21811
Price
Taxes
Visits
Year Built
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