12 Broad St
$1,645,000
12 Broad St, Berlin, MD 21811
For Sale
Retail
Active
Last Updated: 10/01/2025
7
Cap Rate
6,268 sqft
Building Size
Details:
Cap Rate: 7%
Building Size: 6,268 sqft
Year Built: 1910
Price Per Sqft: $262.44
Zoning: C
Roof: Built-Up
Highlights:
- Days on Market: 64
- Heating: Other
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.
The tenant operates under "Oaked at The Globe." Do not disturb the tenant or inspect the property without coordination with the listing agent.
Location
Gallery
