For Sale
$1,900,000

11021 Nicholas LnOcean Pines, MD 21811

Prime Retail Investment, 6,834 SF

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fully-leased, 6,834 square foot shopping center situated on a 3.56-acre lot in the thriving Ocean Pines, Maryland community. Located at the entrance of the South Gate, this multi-tenant property boasts a prime location ensuring high foot traffic and consistent income. The building, constructed in 2004, has been meticulously maintained and recently updated, minimizing upkeep costs for the new owner. Significant improvements include a brand-new roof installed in 2022 and a complete HVAC system overhaul three years prior. The property consists of seven fully leased office/retail condo units, providing immediate cash flow. The asking price is $1,900,000, and aggressive owner financing is available. This property is zoned COMMERCIAL and offers a unique opportunity to capitalize on the continued growth of Ocean Pines. The property includes the following tax ID numbers: Unit 2: 03-143538

Highlights

  • Aggressive owner financing available.
  • 6,834 square foot shopping center on a 3.56-acre lot in Ocean Pines, MD, located at the South Gate entrance.
  • Seven fully-leased office/retail condo units providing immediate cash flow.
  • Recently updated with a new roof (2022) and HVAC system overhaul (2020).
  • $1,900,000 asking price; $500,000 price reduction.
  • Tax ID numbers: Unit 2: 03-143538; Unit 3: 03-143546; Unit 4: 03-143554; Unit 5: 03-143562; Unit 8: 03-143597; Unit 9: 03-143600; Unit 10: 03-164020.

Property Details for 11021 Nicholas Ln

Property type
Lifestyle centers, Power centers
Square Feet
6,834 SF
Year Built
2004
Lot Size (sq. ft)
155,074 SF

Location Insight

City
Ocean Pines
County
Worcester
State
Maryland
Latitude
38.3750589
Longitude
-75.1618801
11021 Nicholas Ln, Ocean Pines, Maryland

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11021 Nicholas Ln
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