For more information on this property, contact Jenny Sheppard at 14437830299 or jennysoldit@aol.com

813 Atlantic Avenue 6 & 7
Ocean City, Maryland MD 21842-4173
Price: $24,000,000
Listing ID MDWO2003522
Status ACTIVE
Price/SqFt $305.34
SqFt 78,600
Acres 1.430
Year Built 1994

Property 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


© 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 Saturday, May 28th, 2022 02:44:06 PM.

Contact - Listing ID MDWO2003522

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Jenny Sheppard

7802 Coastal Hwy
Ocean City, MD 21842
Phone: 14437830299
Phone Alt: 443-783-0299

Data services provided by IDX Broker
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