$199,900
407 Philadelphia Ave #31, Ocean City, MD, 21842
299
Square feet
INVESTOR ALERT! This well maintained coin laundromat is in the perfect downtown location with so much potential. The space was recently updated with new flooring. The building has 6 washers and 7 dryers all recently cleaned and serviced by Easco Laundry Systems. The laundromat also Includes a 4 camera security system, a bill to coin machine, and a coin laundry detergent dispenser. Annual income ranges between $12k-$16k annually. Its current use is a laundromat, but there is an opportunity to convert it into an efficiency with great rental potential. Complete with one parking space and access to the Parrot Bay Community Pool. Only 2 blocks from the beach and boardwalk! Do not miss out on this unique opportunity!
Facts & Features
| MLS® # | MDWO2018352 |
|---|---|
| Price | $199,900 |
| Bathrooms | 0.00 |
| Square Footage | 299 |
| Acres | 0.00 |
| Year Built | 2007 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Status | Pending |
Community Information
| Address | 407 Philadelphia Ave #31 |
|---|---|
| Area | Bayside Interior (83) |
| City | Ocean City |
| County | WORCESTER-MD |
| State | MD |
| Municipality | Ocean City |
| Zip Code | 21842 |
| Senior Community | No |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Baseboard - Electric |
|---|---|
| Cooling | Wall Unit |
| Has Basement | No |
| Fireplace | No |
Exterior
| Exterior | Block, Frame |
|---|---|
| Foundation | Block, Crawl Space, Flood Vent |
School Information
| District | WORCESTER COUNTY PUBLIC SCHOOLS |
|---|---|
| Elementary | OCEAN CITY |
| Middle | STEPHEN DECATUR |
| High | STEPHEN DECATUR |
Additional Information
| Date Listed | January 10th, 2024 |
|---|---|
| Days on Market | 83 |
| Zoning | LC-1 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | ERA Martin Associates, Shamrock Division |
|---|---|
| Contact Info | (410) 641-5000 |