Address
11021 Nicholas Lane # 2,3 ,4,5,8, 9 & 10, Berlin, MD
Price
$ 2,500,000
Property Attributes
- MLS#MDWO2016502
- TypeCommercial
- CountyWORCESTER
- CityBerlin
- AreaWorcester East of Rt-113
- NeighborhoodOcean Pines
- Zip21811
- StyleShopping Center
- Year Built2004
- Taxes$ 1315
- Price$ 2,500,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage6834
- Lot Size3.56 Acres
Data Source:
Bright MLS
Property Description
Seller says bring offers!!!!!!!! Invest in the Heart of Ocean Pines, MD! Village Square Shopping Center, located at the entrance of the South Gate, is the epitome of prime commercial real estate. It features a sprawling 6,834 SF building on 3.56 acres, housing 7 fully-leased office/retail condo units. The entire building has been meticulously maintained and updated, representing a prime investment. Drenched in opportunities, its lucrative positioning in a high-demand zone ensures a steady flow of income, making this more than just an investmentit's a golden ticket to unparalleled financial growth. Recent upgrades like a brand-new roof in 2022 and a complete HVAC overhaul three years prior make this property a low-maintenance dream, giving potential investors peace of mind and the promise of minimal upkeep costs. Ocean Pines is no ordinary community. It's a hotbed of growth and opportunities, teeming with young professionals, vibrant families, and retirees seeking the good life. As businesses flourish along 589 and the population grows, the Village Square Shopping Center stands tall as a beacon of prosperity. Its strategic positioning ensures a constant influx of foot traffic, making every square foot of this property a potential goldmine. Village Square Shopping Center isn't just a commercial property; it's a future-forward investment in a market that's poised for exponential growth. With Ocean Pines' increasing prominence on Maryland's commercial real estate map, now is the perfect time to stake your claim and ride this wave of opportunity. Dive into a venture that promises not just returns but a legacy in the making. Listing includes the following Tax ID #'s: Unit 2: 03-143538; Unit 3: 03-143546; Unit 4: 03-143554; Unit 5: 03-143562; Unit 8: 03-143597; Unit 9: 03-143600 and Unit 10: 03-164020.
| Price History | |
|---|---|
| 9/20/2023 | Listed $2,699,900 |
| 11/7/2023 | 8% - $2,500,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central |
| Cooling | Central A/C |
| Utilities | Electric Available,Natural Gas Available,Phone Available |
| Possession | Settlement |
| Roof | Architectural Shingle |
| Zoning | COMMERCIAL |
| Construction Materials | Frame,Vinyl Siding |
| Year Built | 2004 |
| Unit Number | 2,3,4,5,8,9 & 10 |
| Property SubType | Mixed Use |
| Tax Year | 2020 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Business Type | Shopping Center |
| Building Name | NONE AVAILABLE |
| Accessibility | 2+ Access Exits |
| County | WORCESTER |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | OCEAN PINES |
| Possible Use | Barber/Beauty,Church,Clothing,Commercial,Dry Cleaner,Financial,Flex Space,Florist/Nursery,Food & Beverage,Investment,Laundromat,Medical/Dental,Professional Service,Retail,Special Purpose |
| Water Access Y/N | No |
| Property Use | Investment |
| Status | ACTIVE |
| Directions | from Rt 589 heading south turn right at Manklin Creek light. Make first right into shopping center |
| ModificationTimestamp | 2024-04-23T11:02:55 |
| City | BERLIN |
| Buyer Agent Compensation | 2 |
| Total Units | 10 |
| MLS Area | Worcester East of Rt-113 |
| Lot Size Square Feet | 154919.00 |
| Tax Assessed Value | 137400.0 |
| Waterfront Y/N | No |
| Street Name | NICHOLAS |
| Tax Annual Amount | 1315.0 |
| Price Per Sq Ft | 365.66 |
| Acceptable Financing | Cash,Bank Portfolio,Conventional,Private,Negotiable |
| Historic Y/N | No |
| Vacation Rental Y/N | No |
| Days on Market | 202 |
| Location Type | Highway |
| Standard Status | Active |
| Year Built Source | Estimated |
| Tax Lot | 2 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Hot Water | Electric |
| Total Stories | 2 |
| Heating Y/N | Yes |
| Street Suffix | LANE |
| Central Air Y/N | Yes |
| Total Restrooms | 10 |
Exterior Features
| Water Source | Public |
|---|---|
| Total Parking Spaces | 80 |
| Type of Parking | Off Site,Parking Lot |
| Land Use Code | 004 |
| Water View Y/N | No |
| Building Area Total | 6837.00 |
| Lot Size Acres | 3.56 |
| Road Surface Type | Black Top |
| Lot Size Units | Square Feet |
| Lot Size Source | Estimated |
| Door Features | Double Entry |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| Car Parking Spaces | 80 |
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 Commercial Average in 21811
Price
Taxes
Visits
Year Built
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