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$800,000

  • Sold
  • Closed
  • Business
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Tremendous business opportunity in extremely high traffic area. Well established waterfront restaurant at the South gate entrance of Ocean Pines. Turn key business that includes everything. All equipment, all tables, good will etc etc. Purchase, change your liquor license and start running your own business immediately. Approximately 225 seats inside/outside overlooking a 3+- acre irrigated pond. List price is for the business, equipment, inventory and all good will. There is currently 7 years left on lease with an option to renew or purchase the real estate. Call listing agent for all details and your own private showing.

Full Property Details for 11021 Nicholas Ln #1

General

  • Sold For: $800,000
  • Taxes: $5,248 (2024)
  • Status: Closed
  • Type: Business
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDWO2033328
  • Added to Site: 124 day(s) ago

Business

  • Business Type: Restaurant/Bar
  • Seating Capacity: 225

Interior

  • Flooring: Carpet, Ceramic Tile, Wood

Rooms

Bathrooms

  • Restrooms: 2

Additional Information

  • Security/Safety: 24 hour security, Electric Alarm, Monitored
  • Other Features: Private Restrooms

Parking

  • Total Spaces: 100
  • Parking Features: Paved Parking
  • Parking Type: Parking Lot

Location

  • Area: Worcester East of Rt-113
  • County: WORCESTER
  • Driving Directions: RT 589 to south gate of Ocean Pines. Turn right on Nicholas Lane. Restaurant on the right next to Bank of Ocean City.
  • Traffic Count: Greater than 30000
  • Location Details: Business District

School Information

  • School District: Worcester County Public Schools
  • Elementary School: Showell
  • Middle School: Stephen Decatur
  • High School: Stephen Decatur

Heating & Cooling

  • Cooling Type: Heat Pump(s)
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Electric
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable TV Available, Electric Available, Natural Gas Available, Phone Available

Structural Information

  • Construction: Block, Brick, Frame, Masonry, Stick Built, Stone
  • Foundation: Slab
  • Roof: Architectural Shingle
  • Doors: Double Entry
  • Building Size: 4000
  • Current Bldg. Use: Restaurant
  • Year Built: 2010
  • Year Built Source: Estimated
  • Property Condition: Very Good

Unit Information

  • # Tenants: Single

Lot Features

  • Property View: Pond
  • Lot Size (Acres): 0.1
  • Lot Size (Sq. Ft.): 4,570
  • Lot Size Source: Assessor
  • Street/Road Desc.: Black Top
  • Fence: Yes
  • Zoning: COMMERCIAL
  • Lot Description: Landscaping, Pond, Rip-Rapped

Water Features

  • Water View: Yes

Financial Considerations

  • Price Per Sq. Ft.: $200
  • Assessment Year: 2025
  • County Tax: $4,634
  • County Tax Freq: Annually
  • Tax w/Assessment: $594,100
  • Tax Amount: $5,248
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Leasehold
  • Exclusions: None
  • Inclusions: All equipment
  • Investment: Yes
  • Lot Number: 1

Listed by Coldwell Banker/Bud Church Rea, Ken Church
Sold by Berkshire Hathaway HomeServices PenFed Realty - OP, Beth Miller

Listing agent

— 11021 Nicholas Ln #1 —

  • Ken Church

    Coldwell Banker/Bud Church Rea

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 11021 Nicholas Ln #1

School District:Worcester County Public Schools
NameGradesDistance
Showell Elementary School
11318 Showell School Road, Berlin, MD 21811
PK-31.9 mi
Berlin Intermediate School
309 Franklin Avenue, Berlin, MD 21811
4-64.1 mi
Stephen Decatur Middle School, Berlin, MD
9815 Seahawk Road, Berlin, MD 21811
7-83 mi
Stephen Decatur High School
9913 Seahawk Road, Berlin, MD 21811
9-122.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 11021 Nicholas Ln #1

Date
Details
Price
Change
Source
12/22/2025
Sold
$925,000
15.62%
MLS
9/13/2025
Listed
$800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Coldwell Banker/Bud Church Rea, Ken Church
Sold by Berkshire Hathaway HomeServices PenFed Realty - OP, Beth Miller

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33 Liberty St, Ocean Pines, MD 21811 - Photo 1 Just Listed
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33 Liberty St  Ocean Pines, MD 21811

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Price Reduced near 11021 Nicholas Ln #1

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1404 N Chase St, Ocean Pines, MD 21811 - Photo 1 Price Reduced
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1404 N Chase St  Ocean Pines, MD 21811

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3 Birdnest Dr  Ocean Pines, MD 21811

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Recent Sales near 11021 Nicholas Ln #1

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28 Cape May Pl, Ocean Pines, MD 21811 - Photo 1 Sold
$750,000

28 Cape May Pl  Ocean Pines, MD 21811

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64 Boston Dr  Ocean Pines, MD 21811

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1 Tiller Ln, Ocean Pines, MD 21811 - Photo 1 Sold
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1 Tiller Ln  Ocean Pines, MD 21811

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207 Charleston Rd, Ocean Pines, MD 21811 - Photo 1 Sold
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207 Charleston Rd  Ocean Pines, MD 21811

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  • 3
    Beds
  • 3
    Total Baths
  • 4,216
    Sq. Ft.
Listed by Newport Bay Realty, Crystal L Rhoad
Sold by Newport Bay Realty, Michael C Ross

11021 Nicholas Lane #1, Berlin, MD 21811 (MLS# MDWO2033328) is a Business property that was sold at $800,000 on December 22, 2025. Want to learn more about 11021 Nicholas Lane #1? Do you have questions about finding other Business real estate for sale in Berlin? You can browse all Berlin real estate or contact a Coldwell Banker agent to request more information.