$3,800,000 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 $17,840 /mo

Beds

Baths

Half Baths

Sqr Footage

Acres

Built

0

0

0

31,799

0.74

1964

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

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Distance: N/A Miles
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Price History

11/8/2019 Listed $4,000,000
3/14/2020 5% - $3,800,000

Acceptable Financing Cash, Conventional
Accessibility 2+ Access Exits
Business Type Professional
Cool Fuel Electric
County WORCESTER
Flooring Carpet, Concrete, Ceramic Tile, Hardwood
MLS Area Bayside Interior (83)
New Construction N
Ownership Fee Simple
Possession Settlement
Price Per Sq Ft 247.78
Property SubType Mixed Use
Property Type Commercial Sale
PropertyCondition Average+
Tax Year 2020
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
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:

https://rosewalker.firstchoicetoday.com/property/382-MDWO110366-1601-Philadelphia-Avenue-Ocean-City-MD-21842

Gallery (14 photos)

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Property vs Zip Code Avg (21842)

Price 3.80M Avg 953K

Sqr Feet 31,799 Avg 20,969

Cost / Sqr Ft $120 Avg $45

Taxes $18,771 Avg $7,052

Acres 0.74 Avg 0.38

Visits 56 Avg 7

Days on Site 148 Avg 497

Walkscore® 48 Avg 50

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: 1ST CHOICE PROPERTIES LLC




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Location & Address

Rose Walker
759 - B Garfield Parkway
Bethany Beach, DE
302-745-0614
302-439-1212