$1,900,000
( $277.90Per Sq Foot )
 $10,200 est/mo Sourced by Back At You

11021 Nicholas Ln #2,3 ,4,5,8, 9 & 10 , Berlin, MD 21811

Berlin, MD 21811

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Description

Aggressive Owner Financing Available !!!!!!!! Call Listing Agent for details 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.

Details

MLS#MDWO2016502
Listing TypeFor Sale
Building NameNONE AVAILABLE
Sub-TypeResale
StatusActive
Year2004
Days On Site365
Listing Provided ByBerkshire Hathaway HomeServices PenFed Realty - OP | Spike Sands

Features

SQ Feet6,837
ZoningCOMMERCIAL
Acreage3.56

Market Activity 21811

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Learn More About This Property

StateMD
CountyWorcester
CityBerlin
Zip Code21811
AreaWorcester East of Rt 113
Community NameOcean Pines
School DistrictWorcester County Public Schools
Elementary SchoolShowell
Middle SchoolStephen Decatur
High SchoolStephen Decatur
Listing VS Median (in Ocean Pines)
Price:
$1,900,000
low | high
Med:
$562,400
100% of Average
SqFt:
6,837
low | high
Med:
2,252
100% of Average
$ / SqFt:
$278
low | high
Med:
$259
56.656003483551% of Average
On Site:
365
low | high
Med:
302.500000
100% of Average
Sourced by Back At You
Listing Updated: August 14, 2024 at 10:16:09 AM PDT