10329 Racetrack Rd Berlin, MD 21811
Estimated payment $14,022/month
Highlights
- 9.26 Acre Lot
- Premium Lot
- No HOA
- Ocean City Elementary School Rated A
- Partially Wooded Lot
- Non-Tidal Wetland
About This Lot
Excellent commercial development opportunity along Racetrack Road situated across from Ocean Downs Casino. Also located just minutes from Ocean Pines, this 9.26+/- -acre parcel includes approximately 7.89 acres of commercially zoned land. Public sewer & water was just made available, while there is still an existing well, septic system, and electric service in place. Recent improvements include re-zoning to C2 Commercial, an environmental wetland survey with all non-tidal wetlands plated, verified boundary and critical area lines, an approved rezoning removing the Resource Protected line, and a conceptual site plan. Worcester County’s engineering study has deemed public water and sewer feasible, with approximately 363 EDUs available for a buyer to purchase (buyer to verify on their own with the County), with full availability expected in roughly three years. With strong visibility across from the Ocean Downs Casino, good traffic counts along this primary growth corridor, and as one of the larger commercially zoned parcels with public sewer available, the property offers exceptional potential for hotel, restaurant, office, or mixed-use development.
Listing Agent
(410) 251-6408 wesley.cox@svn.com SVN |Miller Commercial Real Estate License #574198 Listed on: 11/20/2025
Co-Listing Agent
(302) 745-7920 trent.spicerdavis@svn.com SVN |Miller Commercial Real Estate License #5021302
Property Details
Property Type
- Land
Est. Annual Taxes
- $4,635
Lot Details
- 9.26 Acre Lot
- Premium Lot
- Partially Wooded Lot
- Non-Tidal Wetland
- Property is zoned C2, C2 Commercial
Location
- Flood Risk
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 2403011836
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,675 | $500,000 | $491,600 | $8,400 |
| 2024 | $4,824 | $500,000 | $491,600 | $8,400 |
| 2023 | $6,242 | $648,900 | $0 | $0 |
| 2022 | $5,553 | $576,500 | $566,600 | $9,900 |
| 2021 | $4,856 | $501,167 | $0 | $0 |
| 2020 | $4,135 | $425,833 | $0 | $0 |
| 2019 | $3,414 | $350,500 | $333,300 | $17,200 |
| 2018 | $1,170 | $117,700 | $102,100 | $15,600 |
| 2017 | $1,114 | $111,300 | $0 | $0 |
| 2016 | -- | $104,900 | $0 | $0 |
| 2015 | $1,076 | $98,500 | $0 | $0 |
| 2014 | $1,076 | $98,500 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/20/2025 11/20/25 | For Sale | $2,600,000 | +420.0% | -- | |
| 01/23/2024 01/23/24 | Sold | $500,000 | -7.4% | $531 / Sq Ft | View Prior Sale |
| 05/08/2023 05/08/23 | Price Changed | $540,000 | -40.0% | $574 / Sq Ft | |
| 03/30/2023 03/30/23 | For Sale | $899,900 | -- | $956 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $500,000 | Ocean Investments Title | |
| Deed | -- | -- |
Source: Bright MLS
MLS Number: MDWO2034956
APN: 03-011836
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