11135 Grays Corner RdBerlin, MD 21811

Property Details for 11135 Grays Corner Rd

Year built

1920

Construction

BRICK

Lot size

0.25 AC

Property size (Sq ft)

1,699 SF

Zone code

C2

Property type

Retail properties

Property subtype

Retail space

APN

03-011240

APU

3011240

Description

This exceptional mixed-use property, located at 11135 Grays Corner Road in Berlin, Maryland, presents a unique investment opportunity. The 1,699 square foot building sits on a 0.25-acre corner lot, offering high visibility and accessibility. Currently configured as a house, the property is being sold "as is," with no repairs to be completed by the seller. The significant advantage lies in its commercial zoning, opening up a wide range of potential uses for savvy investors. Imagine transforming this space into a thriving retail outlet, a professional office, or a unique blend of commercial and residential uses. The property's location in Berlin, Maryland, provides access to a vibrant community and strong local economy. The 0.25-acre lot offers ample space for potential expansion or outdoor amenities, depending on the chosen development plan. This is a rare chance to acquire a versatile property in a desirable location, ready for your vision and entrepreneurial spirit. The asking price of $139,900 makes this an attractive investment opportunity that shouldn't be missed. Serious inquiries are encouraged to explore the possibilities this property offers. Act quickly, as properties with this combination of location, size, and zoning potential are seldom available.

• CAP approach

  CAP return

  Valuation

  6%

  $654,865

  6.5%

  $604,491

  7%

  $561,313

• Comparable approach

  Method

  Valuation

  Relative Method

  $559,418

  Geo Method

  $559,418

• Alternative Use

  Use

  Valuation

  Residential

  $509,911

  Hospitality

  $467,076

  Educational

  $388,601

  Medical

  $401,966

  Retail

  $604,491

Location Insight

City

Berlin

County

Worcester

State

Maryland

Latitude

38.3489

Longitude

-75.1706

CBSA code

41540

CBSA name

SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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