UPDATED:
08/14/2024 08:33 AM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 6,837 sqft
Price per Sqft $277
Subdivision Ocean Pines
MLS Listing ID MDWO2016502
Originating Board BRIGHT
Year Built 2004
Annual Tax Amount $1,315
Tax Year 2020
Lot Size 3.556 Acres
Acres 3.56
Property Description
Invest in the Heart of Ocean Pines, MD! Village Square Shopping Center, located at the entrance of the South Gate, is the epitome of prime commercial real estate. It features a sprawling 6,834 SF building on 3.56 acres, housing 7 fully-leased office/retail condo units. The entire building has been meticulously maintained and updated, representing a prime investment. Drenched in opportunities, its lucrative positioning in a high-demand zone ensures a steady flow of income, making this more than just an investment—it's a golden ticket to unparalleled financial growth.
Recent upgrades like a brand-new roof in 2022 and a complete HVAC overhaul three years prior make this property a low-maintenance dream, giving potential investors peace of mind and the promise of minimal upkeep costs.
Ocean Pines is no ordinary community. It's a hotbed of growth and opportunities, teeming with young professionals, vibrant families, and retirees seeking the good life. As businesses flourish along 589 and the population grows, the Village Square Shopping Center stands tall as a beacon of prosperity. Its strategic positioning ensures a constant influx of foot traffic, making every square foot of this property a potential goldmine.
Village Square Shopping Center isn't just a commercial property; it's a future-forward investment in a market that's poised for exponential growth. With Ocean Pines' increasing prominence on Maryland's commercial real estate map, now is the perfect time to stake your claim and ride this wave of opportunity. Dive into a venture that promises not just returns but a legacy in the making. Listing includes the following Tax ID #'s: Unit 2: 03-143538; Unit 3: 03-143546; Unit 4: 03-143554; Unit 5: 03-143562; Unit 8: 03-143597; Unit 9: 03-143600 and Unit 10: 03-164020.
Location
State MD
County Worcester
Area Worcester East Of Rt-113
Zoning COMMERCIAL
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Heat Source Electric
Exterior
Garage Spaces 80.0
Utilities Available Electric Available, Natural Gas Available, Phone Available
Waterfront N
Water Access N
Roof Type Architectural Shingle
Street Surface Black Top
Accessibility 2+ Access Exits
Parking Type Off Site, Parking Lot
Total Parking Spaces 80
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Showell
Middle Schools Stephen Decatur
High Schools Stephen Decatur
School District Worcester County Public Schools
Others
Tax ID 03-143538
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Bank Portfolio, Conventional, Private, Negotiable
Listing Terms Cash, Bank Portfolio, Conventional, Private, Negotiable
Financing Cash,Bank Portfolio,Conventional,Private,Negotiable
Special Listing Condition Standard
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Laurie Dau
Realtor | Team Leader | Owner | License ID: RS315078
Realtor | Team Leader | Owner License ID: RS315078