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

$2,000,000
List Price
$2,000,000
Price Change
▼ $500,000 1715738851
Days on Market
252
Status
ACTIVE
MLS#
MDWO2016502
Lot Size (Acres)
3.56
Year Built
2004
County
Worcester
Subdivision
Ocean Pines

Property Description

Aggressive Owner Financing Available !!!!!!!! Call Listing Agent for details 500,000.00 Price Drop 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 investment—it'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.

Additional Information

Area
Worcester East of Rt-113
Annual Tax Amount
$1,315
Ownership Interest
Fee Simple
Stories
2
Heating
Central
Cooling
Central A/C
Roof
Architectural Shingle
Utilities
Electric Available, Natural Gas Available, Phone Available
Water
Public
Sewer
Public Sewer

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Berkshire Hathaway HomeServices PenFed Realty - OP. Contact: (410) 208-3500