Thank you
Spike Sands
Berkshire Hathaway HomeServices PenFed Realty - OP
410-208-3500
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.
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Water Source : None
Sewer: No Septic System
Lot Size: 43,560
Dimensions: 0.00 x 0.00
Lot Size (Acres): 1.00
Main Square Feet: 43,560
Total Lot SQ ft: 43,560
Appx. Lot Dimensions: 0.00 x 0.00
Total Acreage: 1.00
Possession: Settlement
Days Of Market: 301
Annual Tax: $1,555
Tax Year: 2023
Total Taxes Payment Frequency: Annually
Settlement
Taxes Assessment Amount: $162,500
Road Frontage Length: 220
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 District: WORCESTER COUNTY PUBLIC SCHOOLS
Water Source: None
Sewer: No Septic System
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
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 |
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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.