ACTIVE
1001 Philadelphia Ave
Ocean City MD, 21842
$3,400,000
$582.89 per sqft
ACTIVE
5,833 sqft
Commercial
Built in 1961
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.
MDWO2002438
MLSⓇ ID
May 9, 2024
Updated
Map
1001 Philadelphia Ave
Ocean City MD, 21842
Interior Features
Fireplace
No
Cooling
No
Heating
Yes
Exterior/Building Features
Lot Size
0.56 Acres
Sewer
Public Sewer
Other Property Details
Area Name
Ocean City
Taxes
$25,900
Tax Frequency
Annually
Days on Market
937
Garage
No
Parking Total
26
View
No
County
WORCESTER
Water Source
Public
Pool
No
Buyer Agency Compensation
2%
Listed by Deeley Chester, with Coastal Life Realty Group LLC
Listing Contact: 4432351375
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Data last updated on 5/9/2024 at 4:17 AM UTC
