14101 Coastal Highway

    OCEAN CITY, MD 21842
    • $4,500,000
    • STATUS: Active
    • ON SITE: 104 days
    • ID#: 1002345626
    UPDATED: 13 min ago
    $4,500,000
    • 0
      BEDS
    • 1.96
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 23,535
      SQFT
    • $191
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1977
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    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+/-.

    Monthly Payment Calculator

    ©2018 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. 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: 2018-12-13T09:54:51.973.
    www.hiban.com/homes/87066711

    14101 Coastal Highway OCEAN CITY, MD 21842

    • Price: $4,500,000
    • Status: Active
    • Updated: 13 min ago
    • ID#: 1002345626
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.96
    Acres
    23,535
    SQFT
    $191
    $/SQFT
    1977
    Built
    Neighborhood:
    Bayside Interior (83)
    County:
    Worcester
    Area:
    Bayside Interior (83)
    Elementary School:
    Ocean City
    Middle School:
    Stephen Decatur
    High School:
    Stephen Decatur
    School District:
    Worcester County Public Schools
    Property 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+/-.
    Exterior Features

    Construction Materials BlockBrickBatts InsulationConcreteFrameGlassMasonryWood Siding Direction Faces East Garage YN No Location Type Adjoins National Forest Lot Features Other Other Equipment Negotiable Other Structures Above GradeBelow Grade Parking Features Lighted ParkingPaved Parking Parking Types Parking Lot Property Condition Average+ Riparian Rights YN No Roof Built-UpComposite Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Below Grade Finished Area 0 Below Grade Unfinished Area 0 Building Area Total 23535.00 Cooling Central A/C Exclusions Seller Will Supply List Of Exclusions Fireplaces Total 0 Flooring Ceramic Tile Heating Other Heating YN Yes Inclusions All Existing FurnitureFixtures & Equipment But Subject To Some Exclusions Living Area 23535 Net Square Feet 16500.00

    Property Features

    Acceptable Financing CashConventional Accessibility Features Other Assessment Year 2017 Association YN No Business Type Hotel/MotelRetailOtherCommercialConvenience StoreBar/Tavern/LoungeRestaurant Central Air YN Yes Construction Completed YN No Cooling Fuel Electric Electric Other Entry Level 1 Heating Fuel Other Hot Water Other Incorporated City Name Ocean City Lease Considered YN Yes Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 300505168301 Ownership Interest Fee Simple Possession 31-60 Days Cd Property Sub Type Retail Sale Type Standard Sewer Public Sewer Tax Annual Amount 44377.0 Tax Assessment Amount 3141500.0 Tax Lot 7405A Utilities Cable TvElectric AvailableMultiple Phone LinesPhoneSewer AvailablePropaneWater Available Vacation Rental YN No Water Source Public Zoning Lc-1

    Listing courtesy of Coldwell Banker Residential - 64.
    ©2018 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. 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: 2018-12-13T09:54:51.973.
     
    Keller Williams Pat Hiban Real Estate Group
    8840 Columbia 100 Parkway, Ste. 110
    Columbia MD, 21045