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$3,400,000
257 Days Online

1001 Philadelphia Avenue
Ocean City, MD 21842

For Sale|Commercial|Active
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
1961
Built
County:
Worcester

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1001 Philadelphia Avenue1001 Philadelphia Avenue1001 Philadelphia Avenue1001 Philadelphia Avenue
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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.

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Listing Snapshot
Price 
$3,400,000
Days Online 
257 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.56 Acres
Year Built 
1961
MLS® Number 
MDWO2002438
Status 
Active
Property Tax 
$25,900
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
an hour agoListing updated with changes from the MLS®
8 months agoListing first seen online
General Features
Water 
Public
Sewer 
Public Sewer
Electric 
Other
Construction Materials 
Brick
Zoning 
R-2
Acceptable Financing 
CashConventional
Interior Features
Heating 
Other
Cooling 
Other
Central Air 
No
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Community Features
Accessibility Features 
2+ Access Exits
Listing courtesy of Coastal Life Realty Group LLC (443) 235-8382



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Neighborhood & Commute
Source: Walkscore
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