• Racetrack Road BERLIN, MD 21811

  • $399,000
  • 43,560
    Sq Ft
  • 43560
    Sqft

Calling all investors, small business owners and entrepreneurs! This C-2 Zoned Commercial Property on Route 589, just outside of Ocean Pines, has tremendous potential to generate consistent revenue for its new owner. With 220’ of road frontage, high traffic count and direct access to busy Route 589, the opportunities are endless. It’s a great opportunity in a high-volume, growing area along Route 589. C2 zoning allows for a number of different commercial applications including hotel/motel, retail, restaurants, fast food, doctor offices, storage, contractor shops, etc. Proposed drawing can help you visualize what is possible - 4,000+ sq. ft. building with 17 parking spots. Includes storm water management. Really, the only limit is your imagination. Hop on the wave of growth this area is experiencing. 70% owner financing is available. Perk test is on file with the county.

Property Type :

Land

County :

WORCESTER

Style :

Land

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Property Details

 

Water/Sewer

Water Source : None

Utility Features

Sewer: No Septic System

Lot Information

Lot Size: 43,560

Dimensions: 0.00 x 0.00

Lot Size (Acres): 1.00

Main Square Feet: 43,560

Property Information

Total Lot SQ ft: 43,560

Appx. Lot Dimensions: 0.00 x 0.00

Total Acreage: 1.00

Listing Information

Possession: Settlement

Days Of Market: 301

Tax Information

Annual Tax: $1,555

Tax Year: 2023

Total Taxes Payment Frequency: Annually

Possession

Settlement

Assessment Information

Taxes Assessment Amount: $162,500

Multi-Unit Information

Road Frontage Length: 220

Homeowners Association Information

Direction: From Rt 50 Heading West make a right on Rt 589. Property on your left about 3/4 of a mile down the rd

School Information

School District: WORCESTER COUNTY PUBLIC SCHOOLS

Utility Information

Water Source: None

Sewer: No Septic System

Location Information

Direction: From Rt 50 Heading West make a right on Rt 589. Property on your left about 3/4 of a mile down the rd

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
LOT 7 Newport Bay Drive , Berlin, MD,21811 $415,000 -- -- 312,325 312325 Sqft
Germantown Road , Berlin, MD,21811 $1,475,000 -- -- 118,483 118483 Sqft
Grays Corner Road , Berlin, MD,21811 $685,000 -- -- 143,748 143748 Sqft
11347 Marina Drive , Berlin, MD,21811 $1,550,000 4 4.5 4,233 171626 Sqft
Old Ocean City Boulevard , Berlin, MD,21811 $130,000 -- -- 10,000 10000 Sqft
Evans Road , Berlin, MD,21811 $799,500 -- -- 1,960,200 1960200 Sqft
LOT Grey Fox Lane , Berlin, MD,21811 $259,900 -- -- 28,125 28125 Sqft
11334 Newport Bay Drive , Berlin, MD,21811 $424,900 -- -- 192,971 192971 Sqft
102 Port Arthur Court , Berlin, MD,21811 $199,900 -- -- 30,852 30852 Sqft
11039 Worcester Highway.., Berlin, MD,21811 $429,900 -- -- 892,544 892544 Sqft

Data provided by Bright MLS. Property information is for the users personal, non-commercial use. Information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties that appear on the website may no longer be for sale, and may be under contract or sold. ©2024 Bright MLS, All Rights Reserved. Information is reliable but not guaranteed.

ByOwner last updated this listing 05/02/2024 @ 21:54

MLS: MDWO2013840
LISTED BY: Spike Sands , Berkshire Hathaway HomeServices PenFed Realty - OP
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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