12 Broad St, Berlin, MD 21811
- $1,440,000
- List Price
- $1,440,000
- Price Change
- ▼ $205,000 1778103236
- Days on Market
- 371
- Status
- ACTIVE
- MLS#
- MDWO2032286
- Lot Size (Acres)
- 0.1
- Year Built
- 1910
- County
- Worcester
- School District
- Worcester County Public Schools
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.
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Additional Information
- Area
- Worcester West of Rt-113
- Subdivision
- None Available
- School District
- Worcester County Public Schools
- Flooring
- Hardwood
- Heating
- Other
- Heating Fuel
- Other
- Cooling
- Central A/C
- Roof
- Built-Up
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Rinnier Development Co. Contact: (410) 742-8151