11049 Racetrack Road # A & B & C Berlin, MD $ 1,650,000
11049 Racetrack Road # A & B & C
$ 1,650,000
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11049 Racetrack Road # A & B & C

Berlin, MD, 21811
$ 1,650,000
Baths0.0 Sq 6,000

Monthly Estimate*

$ 11,526

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Studio

Commercial Property for sale in Berlin, MD

for $1,650,000. This 6,000 square foot building was built in 1984 on a lot size of 2.79.

Check out this prime commercial real estate opportunity on Racetrack Road in Ocean Pines, MD! This 2.79 acre property with two office buildings offers the perfect combination of location, robust tenant profile, and expansion potential - making it ideal for seasoned investors or budding entrepreneurs alike. Strategically located in the heart of Ocean Pines, these high-profile buildings ensure maximum visibility and traffic. Both buildings are currently occupied and fully leased: one by a reputable real estate company and the other, by the local chamber of commerce. Further details are available upon request. Detailed Property Breakdown: - Parcel A & B: Covering 1.2 acres and hosting two buildings. Building A is approximately 3000 .25 sqft, while Building B extends to about 1,724 sqft. Both parcels benefit from a generous 131.48 feet of direct access to Rt 589. - Parcel C: Is 1.36 acres of unimproved commercial land situated directly behind Parcels A and B. An already approved interconnector provides direct access to Parcel C from the neighboring shopping center. Refer to the provided survey for visual details. Equipped with water and sewer with additional EDUs available for purchase from the county as required. While Parcels A and B will be sold together, Parcel C can be acquired separately. Nevertheless, the true value shines in owning all three parcels, creating a comprehensive commercial property powerhouse. The sale includes Tax ID numbers 03-165361, 03-165388, and 03-012573. The possibilities are endless. Act now to capitalize on this unique opportunity to own prime real estate in a rapidly growing area. Contact the listing agent directly for detailed information and to schedule a viewing. Sqft and acres are estimates.

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Commercial Contingent

Price

$ 1,650,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 10,338

Style

Professional

Lot Size

2.79

Year Built

1984

Town/City

Berlin

County/Region

Worcester

MLS | Web ID

MDWO2016606

Features
Interior
Heating Fuel Electric
Hot Water Electric
Total Stories 0
Heating Y/N Y
Street Suffix ROAD
Central Air Y/N Y
Total Restrooms 5
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General
Sewer Public Sewer
Heating Heat Pump(s)
Cooling Central A/C
Utilities Cable TV Available Electric Available Natural Gas Available Phone Available
Possession Subject to Existing Lease
Roof Asphalt
Zoning COMMERCIAL
Construction Materials Concrete
Year Built 1984
Electric 220 Volts
Unit Number A & B & C
Property SubType Mixed Use
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality BERLIN
Business Type Professional
Accessibility Ramp - Main Level
County WORCESTER
New Construction N
Property Type Commercial Sale
Possible Use Bar/Tavern/Lounge Bed & Breakfast Beer/Wine/Liquor Commercial Development Drive-Thru Food & Beverage Hotel/Motel Laundromat Liquor Store Professional Service Restaurant Retail Shopping Center
Water Access Y/N N
Status ACTIVE UNDER CONTRACT
Directions From Rt 50 West turn right on to RT 589. Follow about 2 miles both properties on the left
City BERLIN
Buyer Agent Compensation 2.5
MLS Area Worcester East of Rt-113
Lot Size Square Feet 121532.40
Waterfront Y/N N
Street Name RACETRACK
Tax Annual Amount 10338.18
Trash Expense 0.00
Price Per Sq Ft 275.0
Acceptable Financing Conventional Cash
Vacation Rental Y/N N
Days on Market 128
Standard Status Active Under Contract
Year Built Source Estimated
Buyer Agent Compensation Type % Of Gross
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Exterior
Lot Features Additional Lot(s)
Water Source Public
Type of Parking Parking Lot
Water View Y/N N
Building Area Total 6000.00
Lot Size Acres 2.79
Road Surface Type US Highway/Interstate
Lot Size Units Square Feet
Lot Size Source Estimated
Road Responsibility Public
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 11049
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* Excluded Features
List By
Berkshire Hathaway Homeservices Penfed Realty - Op

Broker

spikesands@gmail.com

Email

Affordability Calculator

$12,387
Per Month
93%
7%
0%
Monthly Principal & Interest
$11,526
Monthly Property Taxes
$862
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
11/1/2023$1,650,000 Listed Price

Map


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11049 Racetrack Road # A & B & C, Berlin, MD, 21811 is a Commercial Property for sale at $1,650,000 with 6,000 sqft and a lot size of 2.79. 11049 Racetrack Road # A & B & C is a studio with 0.0 baths and was built in 1984. The property's zip code is 21811 which is in Berlin, MD