1210 Philadelphia Ave, Ocean City, MD 21842
- $2,900,000
- List Price
- $2,900,000
- Status
- ACTIVE
- Days on Market
- 82
- MLS#
- MDWO2038400
- Year Built
- 1968
- Lot Size
- 10,890
- Acres
- 0.25
- MLS Area Major
- Ocean Block (82)
Property Description
"Rare Downtown Ocean City Hospitality Compound " Investors you'll love the scalability, multiple income streams and operational flexibility * Located in the heart of downtown Ocean City * This unique hospitality investment opportunity features three separate buildings offering multiple income streams, exceptional guest amenities and prime redevelopment potential in one of the East Coast's most desirable beach destinations * The main building operates as a motel positioned in a highly sought-after downtown location just moments, 1.5 blocks , from the beach, boardwalk, restaurants, nightlife and entertainment. Attached to the main structure is an amenity-focused building featuring a pool, tiki bar and dedicated parking area creating a resort-style atmosphere for guests and visitors alike * The West building includes six additional units along with supplemental parking offering expanded lodging capacity and operational flexibility for short term, seasonal, employee housing or boutique concepts.
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Additional Information
- Taxes
- $19,194
- Zoning
- R-3A
- Heating
- Other
- Air Conditioning
- Wall Unit, Window Unit(s)
- Parking
- Paved Parking, Private
- School District
- Worcester County Public Schools
- Elementary School
- Ocean City
- Middle School
- Berlin Intermediate School
- High School
- Stephen Decatur
- Number Of Units
- 1
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Listing courtesy of Sea Grace @ North Beach Realtors. Contact: 443-614-3901