12 BROAD ST, Berlin, MD 21811
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12 BROAD ST, Berlin, MD 21811
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12 BROAD ST Berlin, MD 21811

4,500 Sqft Lot


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Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Lot Size 4,500 Sqft

MLS Listing ID MDWO2032286

Financing Conventional,Seller Financing

Subdivision None Available

Short Sale No

Originating MLS 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

1-purchase type For Sale

Exterior

Garage Spaces 15

Waterfront N

Water Access N

Roof Type Built-Up

Street Surface US Highway/Interstate

Accessibility Other

Road Frontage Public

Parking Type On Street, Parking Lot

Total Parking Spaces 15

Building

New Construction N

Sewer Public Sewer

Water Public

Schools

School District Worcester County Public Schools

Others

Tax Year 2023

Tax ID 2403029379

Ownership Fee Simple

Acceptable Financing Conventional, Seller Financing

Special Sale Standard


Bright MLS (BMLS)
Listed by William Rinnier • Rinnier Development Co
Anita Mohamed
Anita Mohamed

Broker Associate | jhy1aaaaaaaaaaaaaaaa 244410410

+1(347) 903-3025 | stagesite-3.test@chime.me

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12 BROAD ST