Address
11022 Nicholas Lane # 2,3 ,4,5,8, 9 & 10 Berlin, MD
Price
$ 1,575,000
Property Attributes
  • MLS#MDWO113340
  • TypeCommercial
  • CountyWORCESTER
  • CityBerlin
  • AreaWorcester East of Rt-113
  • NeighborhoodOCEAN PINES
  • Zip21811
  • StyleProfessional,/General Retail,Shopping Center
  • Year Built2004
  • Taxes1315
  • Price$ 1,575,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6630
Listing Provided Courtesy Of:
Coldwell Banker Realty
Data Source:
Bright MLS
Property Description

Rare Opportunity to own 7 of 10 units in the Village Square Shopping Center in Ocean Pines. Including over 6600 sq. ft. of commercially zoned units. +8.5% Cap Rate

Price History
4/20/2020 Listed $2,100,000
8/14/2020 10% - $1,900,000
9/5/2020 11% - $1,700,000
1/25/2021 8% - $1,575,000

General Features

Acceptable Financing Cash, Bank Portfolio, Conventional, Private, Negotiable
Accessibility 2+ Access Exits
Building Name NONE AVAILABLE
Business Type Professional, Other/General Retail, Shopping Center
Construction Materials Frame, Vinyl Siding
Cool Fuel Electric
Cooling Central A/C
County WORCESTER
Days on Market 360
Heating Central
Historic Y/N No
Legal Subdivision OCEAN PINES VILLAGE SQUARE CON
Location Type Highway
MLS Area Worcester East of Rt-113
New Construction No
Ownership Condominium
Possession Immediate
Price Per Sq Ft 237.56
Property SubType Retail
Property Type Commercial Sale
Property Use Investment
PropertyCondition Very Good
Roof Architectural Shingle
Sewer Public Sewer
Subdivision Name OCEAN PINES
Tax Annual Amount 1315.0
Tax Lot 2
Tax Year 2020
Total Units 10
Unit Number 2, 3, 4, 5, 8, 9 & 10
Vacation Rental Y/N No
Water Access Y/N No
Zoning COMMERCIAL

Interior Features

Central Air Y/N Yes
Clear Span Ceiling Height 8' to 10'
Heating Fuel Electric
Heating Y/N Yes
Hot Water Electric
Total Restrooms 7

Exterior Features

Building Area Total 6630.00
Car Parking Spaces 30
Door Features Double Entry
Fencing Y/n No
Lot Dimensions 0.00 x 0.00
Navigable Water Y/N No
Road Surface Type Black Top
Total Parking Spaces 30
Type of Parking Off Site, Parking Lot
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 21811

Price
AVG $540K
$1.58M
Taxes
AVG $3,434
$1,315
Visits
AVG 151
156
Year Built
AVG 1960
2004
Walkscore
AVG 31
45
Data Provided by Walkscore ® not using MLS data

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