1215 Philadelphia Ave, Ocean City, MD 21842
- $1,900,000
- List Price
- $1,900,000
- Days on Market
- 90
- Status
- ACTIVE
- MLS#
- MDWO2038408
- Lot Size (Acres)
- 0.17
- Year Built
- 1969
- County
- Worcester
- School District
- Worcester County Public Schools
Property Description
"Rare Downtown Ocean City Hospitality Compound " Investors you'll love the scalability, multiple income streams and operational flexibility * Located in the heart of downtown Ocean City * This unique hospitality investment opportunity features three separate buildings offering multiple income streams, exceptional guest amenities and prime redevelopment potential in one of the East Coast's most desirable beach destinations * The main building operates as a motel positioned in a highly sought-after downtown location just moments, 1.5 blocks , from the beach, boardwalk, restaurants, nightlife and entertainment. Attached to the main structure is an amenity-focused building featuring a pool, tiki bar and dedicated parking area creating a resort-style atmosphere for guests and visitors alike * The West building includes six additional units along with supplemental parking offering expanded lodging capacity and operational flexibility for short term, seasonal, employee housing or boutique concepts.
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Additional Information
- Area
- Bayside Interior (83)
- Taxes
- $6785
- School District
- Worcester County Public Schools
- Elementary School
- Ocean City
- Middle School
- Berlin Intermediate School
- High School
- Stephen Decatur
- Heating
- Forced Air
- Heating Fuel
- Electric
- Cooling
- Wall Unit, Window Unit(s)
- Utilities
- Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
- Water
- Public
- Sewer
- Public Sewer
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Listing courtesy of Sea Grace @ North Beach Realtors. Contact: 443-614-3901