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Berlin,MD 21811
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 6,268 sqft
Price per Sqft $262
Subdivision None Available
MLS Listing ID MDWO2032286
Year Built 1910
Tax Year 2023
Lot Size 4,500 Sqft
Acres 0.1
Property Sub-Type Retail
Source BRIGHT
Property Description
The Globe is located in historic Berlin, MD. The tenant is a restaurant operator under a 3 year Triple Net (NNN) lease with two 3 year options to renew. The annual rent increases by 3% each year. Full property details can be provided upon request with a confidentially agreement.
Sale price is listed at $1,645,000.00 with a 7% cap rate.
The tenant operates under "Oaked at The Globe." Do not disturb the tenant or inspect the property without coordination with the listing agent.
Location
State MD
County Worcester
Area Worcester West Of Rt-113
Zoning C
Interior
Hot Water Other
Heating Other
Cooling Central A/C
Flooring Hardwood
Heat Source Other
Exterior
Garage Spaces 15.0
Water Access N
Roof Type Built-Up
Street Surface US Highway/Interstate
Accessibility Other
Road Frontage Public
Total Parking Spaces 15
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Worcester County Public Schools
Others
Tax ID 2403029379
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Conventional,Seller Financing
Listing Terms Conventional,Seller Financing
Financing Conventional,Seller Financing
Special Listing Condition Standard