Listing IDMDWO2003522
Price$24,000,000
Price/SqFt$305.34
StatusACTIVE
SqFt
78,600
Acres
1.430
CountyWorcester
Year Built1994
Property TypeCommercial Sale
Property Sub TypeFive Or More Units
Once in a lifetime opportunity to own a Direct Oceanfront Hotel . Located on Ocean Cities famous boardwalk and 9th street. Ample parking, 89 rooms and a fully operational turn key restaurant.You must call listing agent for all showings. Proof of funds or per-qualification from a local lender is required.
County
Worcester
Price/SqFt
305.34
Property Sub Type
Five Or More Units
Property Type
Commercial Sale
Year Built
1994
Zoning
COMMERCIAL
Building Total SqFt Source
Estimated
Central Air
yes
Cooling Type
Central A/C, Multi Units, Programmable Thermostat
Flooring Type
3000+ PSI
Heating
yes
Heating Type
Central
Building Units Total
1
Car Parking Spaces
92
Construction Materials
Concrete
Cooling Fuel
Electric
Electric Service
200+ Amp Service, 3 Phases
Foundation Details
Block, Brick/Mortar
Heating Fuel
Electric
Hot Water
Natural Gas
Lot Dimensions Source
Estimated
Lot Features
Additional Lot(s), Cleared
Lot Size Dimensions
150x325
Lot Size Source
Estimated
Lot Size Units
Square Feet
New Construction
no
Parking Features
Paved Parking
Road Responsibility
City/County
Road Surface Type
Black Top, Paved
Roof
Built-Up, Concrete, Flat
Sewer Septic
Public Sewer
Soil Types
Unknown
Tidal Water
no
Total Garage and Parking Spaces
92
Type of Parking
Parking Lot
Utilities
Cable TV, Natural Gas Available, Phone Connected
Water Access
no
Water Oriented
no
Water Source
Public
Water View
yes
Building Name
NONE AVAILABLE
Country
US
In City Limits
yes
Location Type
Downtown
MLS Area
Direct Oceanfront (80)
Municipality
Ocean City
Traffic Count
Greater than 30000
Transportation
Airport less than 10 miles, Bus Stop less than 1 mile
Views
Ocean
Waterfront
no
Accessibility Features
None
Business Type
Hotel/Motel, Parking Lot, Restaurant/Bar
Days on Market
137
Historic
no
Land Use Code
004
Municipal Trash
yes
Potential Tenancy
Multiple
Property Condition
Excellent
Property Manager
N
Property Use
Investment
Year Assessed
2022
Year Built Source
Estimated
Acceptable Financing
Cash, Conventional
Association Recreation Fee
N
Automatically Update Tax Values
yes
Ground Rent Exists
no
Lease Considered
no
Net SqFt
78600
Ownership Interest
Fee Simple
Possession
0-30 Days CD
Riparian Rights
no
Sale Type
Standard
Tax Annual Amount
140644
Tax Assessed Value
9593700
Tax Data Updated
no
Tax Lot
7
Tax Opportunity Zone
Y
Tax Year
2022
Vacation Rental
no
Similar Listings
Contact - Listing ID MDWO2003522
Jenny Sheppard
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