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$3,649,000
1601 Philadelphia Ave, Ocean City, MD 21842
0 Beds
0 Baths
n/a sqft

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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!
  • Price:
  • $3,649,000
  • Acreage:
  • 0.74
  • Year Built:
  • 1964
  • Listing ID #:
  • MDWO123030
  • Street Address:
  • 1601 Philadelphia Ave
  • City:
  • Ocean City
  • State:
  • Maryland
  • Postal Code:
  • 21842
  • County:
  • Worcester
  • Community:
  • Bayside Interior (83)
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial Sale
School District: Worcester County Public Schools
  • Building Condition:
  • Good
  • Ease Of Access:
  • 2+ Access Exits
  • Flooring:
  • Carpet, Ceramic Tile, Concrete, Hardwood
  • Foundation:
  • Slab
  • Type Of Roof:
  • Built-Up, Flat, Metal, Rubber, Cool/White
  • Year Built:
  • 1964
  • Year Built Source:
  • Assessor
  • Gross Income:
  • 302454.00
  • Net Operating Income:
  • 265000.00
  • Approximate Lot Size Range Source:
  • Assessor
  • Conforms To Zoning:
  • Lc-1
  • Lot Description:
  • 0.00 X 0.00
  • Lot Features:
  • Cleared
  • Lot Square Footage:
  • 32202.00
  • Days On Market:
  • 54
  • On Market Date:
  • 2021-10-06
  • Originating Mls:
  • Bright
  • Special Conditions Of Sale:
  • Standard
  • In City Limits:
  • Yes
  • Tax Municipality:
  • Ocean City
  • City Taxes:
  • 6018.00
  • County Taxes:
  • 11150.00
  • Price Per Square Foot:
  • 237.94
  • Property Taxes:
  • $18,646
  • Tax Year:
  • 2021
  • Parking Spaces:
  • 45
  • Parking Type:
  • Parking Lot, On Street
  • Cooling Fuel:
  • Electric
  • Cooling System:
  • Central A/C
  • Electricity:
  • 200+ Amp Service, Circuit Breakers
  • Existing Water:
  • Public
  • Heating Fuel:
  • Natural Gas, Electric
  • Sewage Type:
  • Public Sewer
  • Water Heater:
  • Electric
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Coldwell Banker Realty
  • © 2021 BRIGHT, All Rights Reserved BRIGHT

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