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    11022 Nicholas Lane , 2,3 ,4,5,8, 9 &

    BERLIN, MD 21811
    • $1,700,000
    • STATUS: Active
    • ON SITE: 158 days
    • ID#: MDWO113340
    UPDATED: 45 min ago
    $1,700,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    2004
    County:

    School Ratings & Info

    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. +7% Cap Rate

    Monthly Payment Calculator



    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Allison Stine Team with Northrop Realty a Long and Foster Company. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-09-26T16:50:46.603.
    www.allisonstineteam.com/homes/105155956
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    11022 Nicholas Lane , 2,3 ,4,5,8, 9 & BERLIN, MD 21811

    • Price: $1,700,000
    • Status: Active
    • Updated: 45 min ago
    • ID#: MDWO113340
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    2004
    Built
    Neighborhood:
    Ocean Pines
    County:
    Worcester
    Area:
    Worcester East Of Rt-113
    School District:
    Worcester County Public Schools
    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. +7% Cap Rate
    Exterior Features

    Construction Materials FrameVinyl Siding Door Features Double Entry Garage YN No Location Type Highway Parking Types Off SiteParking Lot Property Condition Very Good Riparian Rights YN No Road Surface Type Black Top Roof Architectural Shingle Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Building Area Total 6630.00 Cooling Central A/C Heating Central Heating YN Yes Net Square Feet 6630.00

    Property Features

    Acceptable Financing CashBank PortfolioConventionalPrivateNegotiable Accessibility Features 2+ Access Exits Annual Gross Expense 1000.00 Assessment Year 2020 Association YN No Building Name None Available Business Type ProfessionalOther/General RetailShopping Center Central Air YN Yes Cooling Fuel Electric Cross Street Racetrack Rd 589 Gross Income 139200.00 Heating Fuel Electric Historic YN No Hot Water Electric Incorporated City Name Berlin Insurance Expense 3330.00 Lease Considered YN No Navigable Water YN N Net Operating Income 129298.00 New Construction YN No Number Of Units Total 10 Original MLSNumber 304096194219 Ownership Interest Condominium Possession Immediate Property Sub Type Retail Sale Type Standard Sewer Public Sewer Tax Annual Amount 1315.00 Tax Assessment Amount 137400.00 Tax Lot 2 Vacation Rental YN No Water Source Public Zoning Commercial

    Listing courtesy of Coldwell Banker Residential-120.


    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Allison Stine Team with Northrop Realty a Long and Foster Company. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-09-26T16:50:46.603.
     
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    The Allison Stine Team with Northrop Realty a Long and Foster Company
    37077 Coastal Highway
    Fenwick Island DE, 19944