11021 5 Berlin, MD 21811
- Mixed-use properties
- 6,837 SF
- 3.56 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 11021 5
- Year built
- 2004
- Lot size
- 3.56 lot acres
- Property size
- 6,837 SF
- Property type
- Mixed-use properties
Description
This exceptional mixed-use property in Berlin, MD, presents a lucrative investment opportunity. The 6,837 square foot building sits on a 3.56-acre lot and comprises seven fully-leased office/retail condo units within the Village Square Shopping Center, ideally situated at the entrance to Ocean Pines' South Gate. The property boasts a recent roof replacement (2022) and a complete HVAC system overhaul (three years prior), minimizing maintenance concerns for the new owner. The strong tenant occupancy ensures a steady income stream, further enhanced by the property's prime location within a rapidly growing community. Ocean Pines is experiencing significant population growth, attracting young professionals, families, and retirees, creating high demand for commercial space. This strategic location along Route 589 guarantees high foot traffic, maximizing the potential for revenue generation. The property includes seven units with the following tax IDs: Unit 2: 03-143538
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Berlin
- County
- Worcester
- State
- Maryland
- Longitude
- -75.1619
- Latitude
- 38.3751
