Commercial Sale for sale in Ocean City, Maryland, MDWO2003522

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

Description

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.

Primary Features

County Worcester

Price/SqFt 305.34

Property Sub Type Five Or More Units

Property Type Commercial Sale

Year Built 1994

Zoning COMMERCIAL

Interior

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

External

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

Navigable Water no

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

Location

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

Additional

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

Financial

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

Zoning Info

Similar Listings

Contact - Listing ID MDWO2003522

Jenny Sheppard

7802 Coastal Hwy

Ocean City, MD 21842

Phone: 14437830299

Phone Alt: 443-783-0299

© 2022 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. Listing courtesy of Coldwell Banker Bud Church Realty,Inc.. Data last updated on Tuesday, June 28th, 2022 07:59:25 AM.

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