Property summary
This exceptional investment opportunity presents two adjacent historic retail properties totaling 2,548 square feet, situated on a 0.06-acre lot in the vibrant heart of downtown Berlin, Maryland. The properties boast prime Main Street frontage, directly across from the renowned Atlantic Hotel, ensuring high visibility and foot traffic. 1 South Main Street comprises a charming two-story retail space, featuring a 930-square-foot main unit and an attached 466-square-foot space with a separate entrance. The adjacent 3 South Main Street offers 1,122 square feet of ground-floor retail space, complemented by 1,190 square feet of unfinished space on the second floor, also accessible via a separate entrance. This unfinished space presents significant potential for expansion or adaptive reuse. A delightful park-like area behind the buildings offers additional possibilities for outdoor seating, landscaping, or other creative uses. The properties' rich history includes a notable appearance in the 2001 Disney film "Tuck Everlasting," adding a unique element of charm and potential marketing appeal. This is a rare chance to acquire a significant piece of Berlin's historic downtown, offering immediate income potential and substantial long-term growth opportunities. The asking price for this combined property is $1,100,000.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store
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Home Decor Store (Bike/Boat/Book/etc) Store
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Specialty Food Shop Candy Store
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(Bike/Boat/Book/etc) Store
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Home Decor Store (Bike/Boat/Book/etc) Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The purpose of this zoning district is to provide Hotel and motels, Bed and breakfast, restaurants, antique or gift shops, automobile service stations.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B-1 · Berlin, MDThe purpose of this zoning district is to provide Hotel and motels, Bed and breakfast, restaurants, antique or gift shops, automobile service stations.
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The purpose of this zoning district is to provide Hotel and motels, Bed and breakfast, restaurants, antique or gift shops, automobile service stations.
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-1 in Berlin, MD.
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