10329 Racetrack Rd, Berlin, MD 21811

$2,600,000

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List Price
$2,600,000
Days on Market
258
Status
ACTIVE
MLS#
MDWO2034956
Lot Size (Acres)
9.26
County
Worcester
School District
Worcester County Public Schools

Property Description

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.

Additional Information

Area
Worcester East of Rt-113
Taxes
$4635
School District
Worcester County Public Schools
Utilities
Sewer Available, Water Available
Water
Public Hook-up Available
Sewer
Public Hook/Up Avail

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Calculator source: Real Geeks

Listing courtesy of SVN/Miller Commercial Real Estate. Contact: 410-543-2440