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1001 Philadelphia Avenue,  Ocean City MD, 21842

(Active)
$3,400,000
|
5,833 sqft
|
MLS# MDWO2002438
Last Updated: 6/16/2024 3:30 AM
Description for 1001 Philadelphia Avenue Ocean City, MD 21842
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.
Price
$3,400,000
WORCESTER
5,833 (approx)
MDWO2002438
Active
Description
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.
Listing Information
Property Type: Office, Business Opportunities, Other
0.56 Acres 5,833 (approx) 1961
Brick
Public
Public Sewer
1 Total
Neighborhood
Room Information
Exterior / Lot Features
26 Parking Spaces,
Brick
0.00 x 0.00
Driving Directions
From Coastal Hwy. Turn Onto 10th St. Bayside. Office Building Is On Your Right.
Financial Considerations
2410036526
$25,900
Listing Price History

Ocean City Real Estate

Ocean City is located in Maryland. Ocean City, Maryland 21842 has a population of 2,933.

The median household income in Ocean City, Maryland 21842 is $59,376. The median household income for the surrounding county is $65,981 compared to the national median of $66,222. The median age of people living in Ocean City 21842 is 49 years.

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Courtesy: Coastal Life Realty Group LLC
BRIGHT MLS - All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes.
This content last refreshed on 6/16/2024 3:30 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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