Bought with NON MEMBER • Non Subscribing Office
$1,000,000
$1,440,000
30.6%For more information regarding the value of a property, please contact us for a free consultation.
12 BROAD ST Berlin, MD 21811
4,500 Sqft Lot
Key Details
Sold Price $1,000,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Subdivision None Available
MLS Listing ID MDWO2032286
Sold Date 09/24/26
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
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