Homes for sale - 1900 PHILADELPHIA AVE, Ocean City, MD 21842

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Greg Kolandjian

greg@newcastlegroup.com +1(540) 737-8150

$ 5,195,000

Est. payment -/mo

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Price Dropped by $300K

1900 PHILADELPHIA AVE Ocean City, MD 21842

12,996 SqFt

UPDATED:

12/16/2024 08:15 PM

Key Details

Property Type Commercial

Sub Type Land for Commercial Use

Listing Status Active

Purchase Type For Sale

Square Footage 12,996 sqft

Price per Sqft $399

MLS Listing ID MDWO2022922

Originating Board BRIGHT

Year Built 1954

Annual Tax Amount $32,139

Tax Year 2024

Lot Size 0.813 Acres

Acres 0.81

Lot Dimensions 0.00 x 0.00

Property Description

Tremendous opportunity to own an existing family run 49 unit motel. Located only a few steps from our famous boardwalk, ocean and numerous attractions. The Cabana Motel has been up and running in Ocean City in excess of 50 years with many repeat customers. In addition, this could be one of your best opportunities for a massive redevelopment. 6 lots of commercial land, total sq footage of 35,400. The possibilities are endless. Call listing agent for all details and showings. Please note, there are several excluded buyers, before starting the process call listing agent to discuss.

Location

State MD

County Worcester

Area Ocean Block (82)

Zoning LC-1

Interior

Hot Water Electric

Heating Wall Unit

Cooling Multi Units, Wall Unit

Flooring Concrete

Equipment Negotiable

Heat Source Electric

Exterior

Garage Spaces 50.0

Utilities Available Cable TV Available, Electric Available, Natural Gas Available

Water Access N

View Street

Roof Type Unknown

Street Surface Black Top,Paved

Accessibility None

Road Frontage City/County

Total Parking Spaces 50

Garage N

Building

Lot Description Cleared, Corner

Foundation Block

Sewer Public Sewer

Water Public

New Construction N

Schools

Elementary Schools Ocean City

Middle Schools Stephen Decatur

High Schools Stephen Decatur

School District Worcester County Public Schools

Others

Tax ID 2410042976

Ownership Fee Simple

SqFt Source Assessor

Security Features Desk in Lobby,Doorman

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Listed by Ken Church • Coldwell Banker/Bud Church Rea

Greg Kolandjian

Team Leader | License ID: 0225205024

+1(540) 737-8150

Greg Kolandjian

1900 PHILADELPHIA AVE Ocean City, MD 21842

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1900 PHILADELPHIA AVE