$3,400,000

1001 Philadelphia Ave, Ocean City, MD, 21842

5,833

Square feet

0.56

Acres

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.

Facts & Features

MLS® # MDWO2002438
Price $3,400,000
Bathrooms 0.00
Square Footage 5,833
Acres 0.56
Year Built 1961
Type Commercial Sale
Sub-Type Office
Status Active

Community Information

Address 1001 Philadelphia Ave
Area Bayside Interior (83)
City Ocean City
County WORCESTER-MD
State MD
Municipality Ocean City
Zip Code 21842

Amenities

Is Waterfront No

Interior

Heating Other
Cooling Other
Has Basement No
Fireplace No

Exterior

Exterior Brick and Siding

School Information

District WORCESTER COUNTY PUBLIC SCHOOLS

Additional Information

Date Listed September 16th, 2021
Days on Market 510
Zoning R-2
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCoastal Life Realty Group

Listing Map

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