Property Sales

  • OCEAN CITY, MD 21842
  • OCEAN CITY, MD 21842
  • OCEAN CITY, MD 21842
  • OCEAN CITY, MD 21842
  • OCEAN CITY, MD 21842
  • OCEAN CITY, MD 21842
  • OCEAN CITY, MD 21842
  • OCEAN CITY, MD 21842
  • OCEAN CITY, MD 21842
  • OCEAN CITY, MD 21842
  • OCEAN CITY, MD 21842
  • OCEAN CITY, MD 21842
  • OCEAN CITY, MD 21842
  • OCEAN CITY, MD 21842
  • OCEAN CITY, MD 21842
  • OCEAN CITY, MD 21842
  • OCEAN CITY, MD 21842
  • OCEAN CITY, MD 21842

14101 COASTAL HWY
OCEAN CITYMD 21842

MLS Number: 1002345626


$4,500,000
SqFt: 16,500

Description

  • PRICED BELOW ASSESSED VALUE WHICH IS $5,197,800 FOR THE BUILDING AND THE LOTS! Exceptional opportunity to continue as a restaurant location or redevelop or convert the building to other uses. Hotel, Condominiums or Retail. Three lots have a total of 85,405 sf of land. Lot A 26 Condos or 56 Hotel Rooms. Lot B 47 Condos or 99 Hotel Rooms. Lot C 4 Condos or 14 Hotel Rooms. The current building seats 625 and there are a total of 140 parking space PLUS ample street parking. Current building could be converted to retail with 12,000 sf of public space and 4,500 sf of storage space. Plus there is storage and employee housing on the second floor. Gross square footage is 23,535+/-.

General Details

  • Living Area: 16,500
  • Lot Area: 85,405
  • Property Type: Retail
  • County: WORCESTER
  • Year Built: 1977
  • Area: 23535
  • Sewer: Public Sewer
  • Stories: 2
  • Acres: 1

Community Information

  • Zoning: LC-1

Exterior Features

  • Garage(s): N
  • Roof: Built-Up,Composite
  • Waterfront: N
  • Waterview: N

Interior Features

  • Flooring: Ceramic Tile
  • Heating: Other
  • Cooling: Y
  • Water: Public

Lot Information

  • SqFt: 85,405
  • Dimensions: There are 3 lots. The main lot plus two additional for parking.

School Information

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • Elementary School: OCEAN CITY
  • Middle School: STEPHEN DECATUR
  • High School: STEPHEN DECATUR

Fees & Taxes

  • City Taxes: $14,627
  • County Taxes: $26,232

Other Info

  • Listing Courtesy Of: Coldwell Banker Residential - 64