ACTIVE

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

Berlin MD, 21811

$2,000,000


$292.53 per sqft

ACTIVE

6,837 sqft

Commercial

Built in 2004

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.

MDWO2016502

MLS ID

May 16, 2024

Updated

Map

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

Interior Features

Total Stories

2


Appliances

Electric Water Heater


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central, Electric

Exterior/Building Features

Lot Size

3.56 Acres


Roof

Shingle


Sewer

Public Sewer

Other Property Details

Area Name

Berlin


Taxes

$1,315


Tax Frequency

Annually


Days on Market

218


Garage

No


Parking Total

80


View

No


County

WORCESTER


Water Source

Public


Pool

No


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

5/14/2024

Price Change

$2,000,000

-20%

Listed by Spike Sands, with Berkshire Hathaway HomeServices PenFed Realty - OP
Listing Contact: 4432350489 

The IDX display contains information sourced from the Bright MLS, Inc. as of 5/16/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 5/16/2024 at 4:10 PM UTC

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