This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/3
0 Racetrack Road, Berlin, MD 21811
$399,000
0 Racetrack Road, Berlin, MD 21811View this property at 0 Racetrack Road, Berlin, MD 21811
0 Racetrack RoadBerlinMD21811
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/3
Property Description
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.
Full Property Details
Full Property Details for 0 Racetrack Rd
General
- Price: $399,000
- Taxes: $1,555 (2023)
- Status: Active
- Type: Lots/Land
- MLS ID: MDWO2013840
- Updated: 12/20/2023
- Added to Site: 359 day(s) ago
Location
- Area: Worcester East of Rt-113
- County: Worcester
- Driving Directions: 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
Utilities
- Sewer: No Septic System
- Water: None
Structural Information
- Stories/Levels: 0
- Current Bldg. Use: Commercial
Lot Features
- Lot Size (Acres): 1
- Lot Size (Sq. Ft.): 43,560
- Lot Size Source: Assessor
- Lot Dimensions: 0.00 x 0.00
- Frontage Feet: 220
- Zoning: C2
Financial Considerations
- Price Per Sq. Ft.: $9.16
- Assessment Year: 2023
- County Tax: $1,373
- County Tax Freq: Annually
- Tax w/Assessment: $162,500
- Tax Amount: $1,555
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
Listed by Berkshire Hathaway HomeServices PenFed Realty - OP, Spike Sands
Get Pre-Approved Today
Schools
Schools serving 0 Racetrack Rd
Rating | Name | Grades | Distance |
---|---|---|---|
11318 Showell School Rd, Berlin, MD 21811 | PK-4 | 2.3 mi | |
12828 Center Dr, Ocean City, MD 21842 | PK-4 | 3.5 mi | |
100 Buckingham Rd, Berlin, MD 21811 | 4-6 | 4.1 mi | |
9815 Seahawk Rd, Berlin, MD 21811 | 7-8 | 2 mi | |
635 E Main St, Salisbury, MD 21804 | 6-8 | 22.8 mi | |
607 Morris St, Salisbury, MD 21801 | 6-8 | 23.8 mi | |
9913 Seahawk Rd, Berlin, MD 21811 | 9-12 | 1.8 mi | |
Worcester Technical High School
6290 Worcester Hwy, Newark, MD 21841 | 9-12 | 13.4 mi | |
Snow Hill High School
305 S Church St, Snow Hill, MD 21863 | 9-12 | 18 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 0 Racetrack Rd
Date
Details
Price
Change
Source
9/05/2023
Price Reduced
$399,000
-18.57%
MLS
8/16/2023
Price Reduced
$490,000
-9.24%
MLS
5/06/2023
Listed
$539,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 0 Racetrack Rd
0 Racetrack Road, Berlin, MD 21811 (MLS# MDWO2013840) is a Lots/Land property with a lot size of 1.00 acre. 0 Racetrack Road is currently listed for $399,000 and was received on May 06, 2023. Want to learn more about 0 Racetrack Road? Do you have questions about finding other Lots/Land real estate for sale in Berlin? You can browse all Berlin real estate or contact a Coldwell Banker agent to request more information.