12 BROAD ST, Berlin, MD 21811
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12 BROAD ST, Berlin, MD 21811
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John Logan

John Logan

+1(443) 676-6030
Listed by William Rinnier • Rinnier Development Co
$ 1,440,000
Est. payment /mo
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Price Dropped by $205K

12 BROAD ST Berlin, MD 21811

4,500 Sqft Lot

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.

This property is an equipped restaurant with outside tiki bar and patio. It is ready for an operator to take advantage of this well known Berlin location.

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

Bright MLS (BMLS)

Nearby Locations

John Logan

John Logan

Team Leader | License ID: 661163

+1(443) 676-6030

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12 BROAD ST