$4,000,000 1601 Philadelphia Avenue Ocean City, MD

MLS: MDWO110366   Type: Commercial   County: Worcester   City: Ocean City   Area: Bayside Interior   Zip: 21842   Style: Professional     Taxes: $18,771

Mortgage $18,779 /mo



Half Baths

Sqr Footage









This is an incredible investment opportunity to help your buyer acquire a property with a 7% return. Located in downtown Ocean City, this is a mainstay of the town. The front three units are triple net.

Elementary School

Middle School

High School

Click Here
Distance: N/A Miles
Click Here
Distance: N/A Miles
Click Here
Distance: N/A Miles

Price History

11/8/2019 Listed $4,000,000

Acceptable Financing Cash, Conventional
Accessibility 2+ Access Exits
Business Type Professional
Cool Fuel Electric
Flooring Carpet, Concrete, Ceramic Tile, Hardwood
MLS Area Bayside Interior (83)
New Construction N
Open Parking Spaces 20
Ownership Fee Simple
Possession Settlement
Price Per Sq Ft 260.82
Property SubType Mixed Use
Property Type Commercial Sale
PropertyCondition Average+
Tax Year 2019
Total Units 0
Vacation Rental Y/N N
Zoning LC-1

Interior Features

Central Air Y/N Y
Cooling Central A/C
Heating Other
Heating Fuel Electric, Natural Gas
Heating Y/N Y
Hot Water Electric
Total Restrooms 10

Exterior Features

Building Area Total 15336.00
Construction Materials Block, Brick, Batts Insulation
Foundation Details Slab
Inclusions all trade fixtures
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.74
Lot Size Source Assessor
Lot Size Square Feet 32202.00
Navigable Water Y/N N
Parking Spaces 26 to 50 Car Garage
Roof Built-Up, Cool/White, Flat, Rubber, Metal
Sewer Public Sewer
Total Garage and Parking Spaces 20
Type of Parking On Street, Parking Lot
Water Access Y/N N
Water Oriented Y/N N
Water Source Public
Water View Y/N N
Waterfront Y/N N

Property Schools

Direct Link:


Gallery (14 photos)

Ask Your Agent a Question

Property vs Zip Code Avg (21842)

Price 4.00M Avg 2.10M

Sqr Feet 31,799 Avg 25,349

Cost / Sqr Ft $126 Avg $83

Taxes $18,771 Avg $10,239

Acres 0.74 Avg 1.65

Visits 19 Avg 7

Days on Site 35 Avg 573

Walkscore® 48 Avg 49

Data Provided by Walkscore ® not using MLS data

Ask How to Finance this Property

Download Our Mobile App

Download Millions Mapped

Listing Provided Courtesy Of: 1ST CHOICE PROPERTIES LLC

Back to Search

Chat is Now Online! Ask Away!

Find Your Home's Value Instantly

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Rose Walker
759 - B Garfield Parkway
Bethany Beach, DE