MD > Berlin > None Available
Berlin, MD 21811,12 BROAD ST
Berlin, MD 21811,12 BROAD ST
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Graceann Tinney

Graceann Tinney

+1(267) 373-8244
Listed by William Rinnier • Rinnier Development Co
$1,645,000
Est. payment /mo
4,500 Sqft Lot
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UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

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

Acceptable Financing Conventional, Seller Financing

Listing Terms Conventional, Seller Financing

Financing Conventional,Seller Financing

Special Listing Condition Standard

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Bright MLS (BMLS)

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Graceann Tinney

Graceann Tinney

Agent | RSRS344523

+1(267) 373-8244

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12 BROAD ST

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