1001 Philadelphia Ave, Ocean City, Md 21842 $3,400,000

MLS Number
Mdwo2002438
Standard Status
Active
City Name
Ocean City
Sale Type
Standard
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.

Additional Details

Acres
0.56
Year Built
1961
Property Type
Commercial Sale
Building Total SQFT
5833.00
Lot SQFT
24400.00
MLS Area
Bayside Interior (83)
Listing Entry Date
09/16/2021

Exterior Features

Construction Materials
Brick
Type of Parking
Parking Lot

Interior Features

Heating
Other
Cooling
Other

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