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12 Broad St Berlin, MD 21811

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For Sale
$1,645,000

Restaurant property in historic Berlin, MD with tenant in place.

Lot size:
0.10 Acres

Property Features for 12 Broad St

General Information

Property type
Commercial
Standard status
Active
Lot size
0.10 Acres

Building Details

Year built
1910

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Listing Contact
William Rinnier
Source: Elliman

Listing Agency: Rinnier Development Co Listing Agent: William Rinnier

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Historic Berlin Restaurant For Sale

Located in historic Berlin, Maryland, this commercial property is currently operating as a restaurant under the name "Oaked at The Globe." The property is for sale and is subject to an existing Triple Net (NNN) lease agreement with a restaurant operator. The lease is for a term of 3 years, with options to renew for two additional 3-year periods. The lease agreement includes an annual rent increase of 3%. Further property details are available upon request, contingent upon the execution of a confidentiality agreement.
Location Intelligence

Current Use by Public Records

The Globe Restaurant

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Berlin
County
Worcester
State
Maryland
Longitude
-75.2196092
Latitude
38.3245036

FAQs

What type of property is this?
Conventional restaurant - Restaurant property in historic Berlin, MD with tenant in place.
Where is this conventional restaurant located?
The property is located at 12 Broad St Berlin, MD.
What is the asking price?
The asking price for this property is $1,645,000.
What are key features of this property?
This property features: - Triple Net (NNN) lease in place with restaurant operator.; - Enjoy a 7% Cap Rate.; - Annual rent increases by 3%.
More about this property
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