NOT LISTED FOR SALE

0 Racetrack Rd Unit MDWO2013840 Berlin, MD 21811

1 Acre
-- Price per Acre
43,560 Sq Ft Lot

Last Sold November 06, 2024

Last sale price $280,000

509 Days on Market

About This Lot

As of November 2024

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.

Last Agent to Sell the Property

Spike Sands

(443) 235-0489 spikesands@gmail.com Berkshire Hathaway HomeServices PenFed Realty - OP License #RS-0038938 Listed on: 05/06/2023

Berkshire Hathaway HomeServices PenFed Realty - OP

Last Buyer's Agent

Ed Balcerzak

(443) 497-4746 opsales@comcast.net Berkshire Hathaway HomeServices PenFed Realty-WOC License #RS-0014171

Berkshire Hathaway HomeServices PenFed Realty-WOC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,675

Lot Details

  • 1 Acre Lot
  • Property is zoned C2, Commercial

Utilities

  • No Septic System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2403010929

Property Details

Property Type

Land

Est. Annual Taxes

$1,675

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Commercial
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 9.16

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: No Septic System

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 1.00
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 43560.00
  • Zoning: C2
  • Zoning Description: Commercial
  • Farmland Preservation: No
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1675.00
  • Assessor Parcel Number: 2403010929
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2024

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/06/2024 11/06/24 Sold $280,000 -29.8% --
09/26/2024 09/26/24 Pending -- -- --
09/05/2023 09/05/23 Price Changed $399,000 -18.6% --
08/16/2023 08/16/23 Price Changed $490,000 -9.2% --
05/06/2023 05/06/23 For Sale $539,900 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Spike Sands

    Seller's Agent in 2024

    Spike Sands

    Berkshire Hathaway HomeServices PenFed Realty - OP

    (443) 235-0489

    37 in this area

    98 Total Sales

    Spike Sands
    Section Image
  • Ed Balcerzak

    Buyer's Agent in 2024

    Ed Balcerzak

    Berkshire Hathaway HomeServices PenFed Realty-WOC

    (443) 497-4746

    48 in this area

    191 Total Sales

    Ed Balcerzak
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDWO2013840

Bright MLS
Maryland Worcester County Berlin 21811

0 Racetrack Rd Unit MDWO2013840, Berlin, MD

Not Listed for Sale

Lots

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