$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



Half Baths

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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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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
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 Five Or More Units
Property Type Commercial Sale
Property Use Investment
PropertyCondition Good
Real Estate Owned Y/N N
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
Car Parking Spaces 45
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 Parking Spaces 45
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

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Gallery (14 photos)

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Property vs Zip Code Avg (21842)

Price 3.80M Avg 817K

Sqr Feet 31,799 Avg 17,454

Cost / Sqr Ft $120 Avg $47

Taxes $18,771 Avg $9,310

Acres 0.74 Avg 0.41

Visits 25 Avg 5

Days on Site 238 Avg 514

Walkscore® 57 Avg 50

Data Provided by Walkscore ® not using MLS data

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