11021 Nicholas Lane # 2,3 ,4,5,8, 9 & 10 Berlin, MD $ 2,500,000
11021 Nicholas Lane # 2,3 ,4,5,8, 9 & 10
$ 2,500,000
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11021 Nicholas Lane # 2,3 ,4,5,8, 9 & 10

Berlin, MD, 21811
$ 2,500,000
Baths0.0 Sq 6,834

Monthly Estimate*

$ 17,463

11021 Nicholas Lane # 2,3 ,4,5,8, 9 & 10, Berlin, MD 21811 - Image 1
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11021 Nicholas Lane # 2,3 ,4,5,8, 9 & 10, Berlin, MD 21811 - Image 5
11021 Nicholas Lane # 2,3 ,4,5,8, 9 & 10, Berlin, MD 21811 - Image 6
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Studio

Commercial Property for sale in Berlin, MD

for $2,500,000. This 6,834 square foot building was built in 2004 on a lot size of 3.56.

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.

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Commercial Active

Price

$ 2,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 1,315

Style

Shopping Center

Lot Size

3.56

Year Built

2004

Town/City

Berlin

County/Region

Worcester

MLS | Web ID

MDWO2016502

Features
Interior
Heating Fuel Electric
Hot Water Electric
Total Stories 2
Heating Y/N Y
Street Suffix LANE
Central Air Y/N Y
Total Restrooms 10
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General
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
Municipality Berlin
Business Type Shopping Center
Building Name NONE AVAILABLE
Accessibility 2+ Access Exits
County WORCESTER
New Construction N
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 N
Status ACTIVE
Directions from Rt 589 heading south turn right at Manklin Creek light. Make first right into shopping center
City BERLIN
Buyer Agent Compensation 2
Total Units 10
MLS Area Worcester East of Rt-113
Lot Size Square Feet 154919.00
Waterfront Y/N N
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 N
Vacation Rental Y/N N
Days on Market 195
Location Type Highway
Standard Status Active
Year Built Source Estimated
Tax Lot 2
Buyer Agent Compensation Type % Of Gross
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Exterior
Water Source Public
Type of Parking Off Site Parking Lot
Water View Y/N N
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 N
Water Oriented Y/N N
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Internal Only
Street Number 1 11021
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* Excluded Features
List By
Berkshire Hathaway Homeservices Penfed Realty - Op

Broker

spikesands@gmail.com

Email

Affordability Calculator

$17,573
Per Month
99%
1%
0%
Monthly Principal & Interest
$17,463
Monthly Property Taxes
$110
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/7/2023$2,500,000 -7.40% Price Down
9/20/2023$2,699,900 Listed Price

Map


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11021 Nicholas Lane # 2,3 ,4,5,8, 9 & 10, Berlin, MD, 21811 is a Commercial Property for sale at $2,500,000 with 6,834 sqft and a lot size of 3.56. 11021 Nicholas Lane # 2,3 ,4,5,8, 9 & 10 is a studio with 0.0 baths and was built in 2004. The property's zip code is 21811 which is in Berlin, MD