Listing IDMDWO2000376
Sold For$7,250,000
Price/SqFt$318.61
StatusCLOSED
Sold Date7/15/2022
SqFt
21,892
Acres
2.370
CountyWorcester
SubdivisionCAINE WOODS
Year Built1971
Property TypeCommercial Sale
Property Sub TypeLand for Commercial Use
We are proud to offer for sale the Sun & Surf Cinema property - a developer’s dream - located on the Coastal Highway at 143rd Street in Ocean City, Maryland. Built in 1971, and expanded in 1975 and 1983, the 8-screen movie theater underwent an extensive renovation in 2015, highlighted by the installation of 712 luxury recliners. On the development side, the commercially zoned site consists of 2.37 acres, with 300 feet of frontage on Coastal Highway. The movie theater building is approximately 23,734 sq. ft. Given the property’s size and its key location, the opportunities for redevelopment are many. Please note that this is an operating movie theater and all showings are by appointment only and must be accompanied by the listing agent. A recent survey is available upon request. Please call or email with any questions.
County
Worcester
Price/SqFt
318.61
Property Sub Type
Land for Commercial Use
Property Type
Commercial Sale
Subdivision
CAINE WOODS
Year Built
1971
Zoning
LC-1
Building Total SqFt Source
Assessor
Central Air
yes
Cooling Type
Central A/C
Flooring Type
Ceramic Tile, Carpet
Heating
yes
Heating Type
Central
Building Units Total
2
Car Parking Spaces
200
Construction Materials
Aluminum Siding, Concrete, Metal Siding, Mixed
Cooling Fuel
Electric
Electric Service
200+ Amp Service
Fencing
N
Foundation Details
Concrete Perimeter, Slab
Heating Fuel
Electric
Hot Water
Electric
Lot Dimensions Source
Estimated
Lot Size Dimensions
300 x350
Lot Size Source
Assessor
Lot Size Units
Square Feet
New Construction
no
Road Responsibility
City/County
Road Surface Type
Black Top, Paved, US Highway/Interstate
Roof
Built-Up
Sewer Septic
Public Sewer
Soil Types
Unknown
Tidal Water
no
Total Garage and Parking Spaces
200
Type of Parking
Parking Lot
Utilities
Cable TV Available, Electric Available, Natural Gas Available
Water Access
no
Water Oriented
no
Water Source
Public
Water View
no
Country
US
In City Limits
yes
Location Type
Highway
MLS Area
Bayside Interior (83)
Municipality
Ocean City
Traffic Count
Greater than 30000
Transportation
Bus Stop less than 1 mile, Airport less than 10 miles
Waterfront
no
Accessibility Features
None
Base Off Market Date
2022-07-15T00:00:00+00:00
Business Type
Theater
Days on Market
250
Historic
no
Land Use Code
003
Municipal Trash
yes
Potential Tenancy
Multiple
Property Condition
Very Good
Property Manager
N
Year Assessed
2022
Year Built Source
Assessor
Acceptable Financing
Conventional, Cash
Association Recreation Fee
N
Automatically Update Tax Values
yes
Buyer Financing
Conventional
Ground Rent Exists
no
Lease Considered
no
Net SqFt
23734
Ownership Interest
Fee Simple
Possession
31-60 Days CD
Riparian Rights
no
Sale Type
Standard
Tax Annual Amount
71871
Tax Assessed Value
5107933
Tax Data Updated
no
Tax Lot
2
Tax Year
2022
Vacation Rental
no
Similar Listings
Contact - Listing ID MDWO2000376
Jenny Sheppard
Listing courtesy of Coldwell Banker Bud Church Realty,Inc. 4105247888
© 2024 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of Coldwell Banker Bud Church Realty,Inc.. Data last updated on Thursday, March 28th, 2024 11:51:17 AM.
© 2024 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of Coldwell Banker Bud Church Realty,Inc.. Data last updated on Thursday, March 28th, 2024 11:51:17 AM.
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