Free-Standing Corner Location
Corner of Rt. 113 & Franklin Ave
Berlin, MD 21811
https://thebrokerlist.com/have/free-standing-corner-location-105923
FOR LEASE
Property Type:
Street Retail
Last Verified:
Jan 11, 2021
Highlights
- Corner location
- Excellent visibility & exposure
- Renovated in 2018
- High barrier to entry
- Coolest small town in America
Description
Free-standing 6,000 SF building with a drive-thru located a the corner of Rt. 113 & Franklin Ave. The property has been used as a pharmacy but can easily be converted to many other uses! The property is just on the outskirts of downtown Berlin and a quick 2-minute drive to Atlantic General Hospital and the Rt. 50 exit ramp. The owner would also consider a land-lease with a demolition of the building.
Perfectly located in the "Coolest Small Town in America"!! The property has excellent positioning at the corner of Rt. 113 & Franklin Ave. The property sits at the main entrance into a successful professional park and across the street from Berlin Intermediate School. Franklin Avenue is also an entrance into downtown Berlin. The property address is "314 Franklin Ave, #601, Berlin, MD 21811"
Building Size: 6000sq ft
Lot Size: 0 acres
Units for Lease
Unit
Space Available: 6000 SF
Lease Type: NNN
Price Per Sqft/Year: $14.0
Map of Corner of Rt. 113 & Franklin Ave, Berlin, MD, 21811
What are Real Estate Incentives?
Real Estate incentives range widely and have been overlooked by the
Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
- U.S. Public: Many incentives focus on job creation and Affordable Housing
- Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
- Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
- Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
