Active

1001 Philadelphia Ave

Ocean City MD, 21842

$3,400,000


$582.89 per sqft

Active

5,833 sqft

Commercial

Built in 1961

Excellent investment opportunity for a rare high traffic property offering a free standing Medical building Property consist of large .50+ acre lot, 5,833 sqft building, and 26 parking spaces. Currently occupied by well known medical practice tenant with NNN Lease. This property has a very high traffic count and visibility. Demographics for Ocean City is one of the largest tourist attraction for Maryland, In the summer weekends the city hosts between 320,000 and 345,000 vacationers, and up to 8 million visitors annually. During the summer, Ocean City becomes the second most populated municipality in Maryland offering over 200 public and private events that holds over 10,000 hotel rooms and 25,000 condominiums. This particular piece of property in considered a very large parcel in the downtown location. With a number of possibilities it could accommodate large hotel or condominiums for redevelopment. Call direct for more information.

MDWO2002438

MLS ID

September 16, 2021

Listed

July 14, 2024

Updated

Map

1001 Philadelphia Ave
Ocean City MD, 21842

Interior Features

Fireplace

No


Cooling

No


Heating

Yes

Exterior/Building Features

Lot Size

0.56 Acres


Sewer

Public Sewer

Other Property Details

Area Name

Ocean City


Taxes

$25,900


Tax Frequency

Annually


Days on Market

937


Garage

No


Parking Total

26


View

No


County

WORCESTER


Water Source

Public


Pool

No


Buyer Agency Compensation

2%

Listed by Deeley Chester, with Coastal Life Realty Group LLC
Listing Contact: 4432351375 

The IDX display contains information sourced from the Bright MLS, Inc. as of 7/14/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 7/14/2024 at 6:38 AM UTC

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