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1001 Philadelphia Avenue

OCEAN CITY, MD 21842
  • $3,400,000
  • STATUS: Active
  • ON SITE: 446 Days
  • ID#: MDWO2002438
UPDATED: 6 min ago
$3,400,000
  • 0
    BEDS
  • 0.56
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1961
County:

School Ratings & Info

Description

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.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Allison Stine Team with Northrop Realty a Long and Foster Company. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-12-07T10:52:20.713.
www.allisonstineteam.com/homes/121482904
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1001 Philadelphia Avenue OCEAN CITY, MD 21842

  • Price: $3,400,000
  • Status: Active
  • On Site: 446 Days
  • Updated: 6 min ago
  • ID#: MDWO2002438
0
Beds
0
Baths
0
½ Baths
0.56
Acres
1961
Built
Neighborhood:
Bayside Interior (83)
County:
Worcester
Area:
Bayside Interior (83)
School District:
Worcester County Public Schools
Property Description
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.
Exterior Features

Construction Materials Brick Garage YN No Parking Types Parking Lot Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 5833.00 Cooling Other Heating Other Heating YN Yes Net Square Feet 5833.00

Property Features

Acceptable Financing CashConventional Accessibility Features 2+ Access Exits Assessment Year 2022 Business Type Medical Central Air YN No Cooling Fuel Other Electric Other Heating Fuel Other Hot Water Other Lease Considered YN No Municipality Ocean City Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 801049133632 Ownership Interest Fee Simple Possession Settlement Property Sub Type Office Sale Type Standard Sewer Public Sewer Tax Annual Amount 24668.00 Tax Assessment Amount 1750033.00 Tax Lot 1 Vacation Rental YN No Water Source Public Zoning R-2

Listing courtesy of Coastal Life Realty Group: .


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Allison Stine Team with Northrop Realty a Long and Foster Company. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-12-07T10:52:20.713.
 
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The Allison Stine Team with Northrop Realty a Long and Foster Company
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