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1601 Philadelphia Avenue

OCEAN CITY, MD 21842
  • $3,649,000
  • STATUS: Active
  • ON SITE: 88 Days
  • ID#: MDWO123030
UPDATED: 52 min ago
$3,649,000
  • 0
    BEDS
  • 0.74
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1964
County:

School Ratings & Info

Description

Prime location in Ocean City Maryland! Do you have extra money you are looking to invest? Are you looking for a 7.33% CAP RATE. The front three units are triple net, this is a mixed use commercial site. Invest at the Beach! Location! Location! Location!

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Sky Group of Long & Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-11-30T15:52:50.117.
www.theskygroup.com/homes/121070253
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1601 Philadelphia Avenue OCEAN CITY, MD 21842

  • Price: $3,649,000
  • Status: Active
  • On Site: 88 Days
  • Updated: 52 min ago
  • ID#: MDWO123030
0
Beds
0
Baths
0
½ Baths
0.74
Acres
1964
Built
Neighborhood:
Bayside Interior (83)
County:
Worcester
Area:
Bayside Interior (83)
School District:
Worcester County Public Schools
Property Description
Prime location in Ocean City Maryland! Do you have extra money you are looking to invest? Are you looking for a 7.33% CAP RATE. The front three units are triple net, this is a mixed use commercial site. Invest at the Beach! Location! Location! Location!
Exterior Features

Construction Materials BlockBrickBatts Insulation Garage YN No Lot Features Cleared Parking Types Parking LotOn Street Property Condition Good Riparian Rights YN No Roof Built-UpFlatMetalRubberCool/White Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 15336.00 Cooling Central A/C Flooring CarpetCeramic TileConcreteHardwood Heating Other Heating YN Yes Net Square Feet 15336.00

Property Features

Accessibility Features 2+ Access Exits Assessment Year 2021 Association YN No Business Type Professional Central Air YN Yes Cooling Fuel Electric Electric 200+ Amp ServiceCircuit Breakers Foundation Details Slab Gross Income 302454.00 Heating Fuel Natural GasElectric Hot Water Electric Municipality Ocean City Navigable Water YN N Net Operating Income 265000.00 New Construction YN No Number Of Units Total 0 Original MLSNumber 304642517314 Ownership Interest Fee Simple Possession Settlement Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 18646.00 Tax Assessment Amount 1319500.00 Tax Lot 1 Transportation Bus Stop Less Than 1 Mile Vacation Rental YN No Water Source Public Zoning Lc-1

Listing courtesy of Coldwell Banker Realty.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Sky Group of Long & Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-11-30T15:52:50.117.
 
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The Sky Group of Long & Foster Real Estate
7700 Old Georgetown Rd, Suite 120
Bethesda MD, 20814