1900 Philadelphia Avenue Ocean City, MD $ 5,495,000
1900 Philadelphia Avenue
$ 5,495,000
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1900 Philadelphia Avenue

Ocean City, MD, 21842
$ 5,495,000
Bedrooms-- Baths-- Sq 13,000

Monthly Estimate*

$ 32,910

1900 Philadelphia Avenue, Ocean City, MD 21842 - Image 1
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1900 Philadelphia Avenue, Ocean City, MD 21842 - Image 10
1900 Philadelphia Avenue, Ocean City, MD 21842 - Image 11
1900 Philadelphia Avenue, Ocean City, MD 21842 - Image 12

Commercial Property for sale in Ocean City, MD

for $5,495,000. This 13,000 square foot building was built in 1954 on a lot size of 0.81.

Tremendous opportunity to own an existing family run 49 unit motel. Located only a few steps from our famous boardwalk, ocean and numerous attractions. The Cabana Motel has been up and running in Ocean City in excess of 50 years with many repeat customers. In addition, this could be one of your best opportunities for a massive redevelopment. 6 lots of commercial land, total sq footage of 35,400. The possibilities are endless. Call listing agent for all details and showings. Please note, there are several excluded buyers, before starting the process call listing agent to discuss.

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Commercial Active

Price

$ 5,495,000

Property Type

Commercial

Taxes

$ 32,139

Style

Apartment Building,Bed and Breakfast,Big Box Retai

Lot Size

0.81

Year Built

1954

Town/City

Ocean City

County/Region

Worcester

MLS | Web ID

MDWO2022922

Features
Interior
Heating Fuel Electric
Flooring Concrete
Hot Water Electric
Heating Y/N Y
Central Air Y/N N
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General
Sewer Public Sewer
Heating Wall Unit
Cooling Multi Units Wall Unit
Utilities Cable TV Available Electric Available Natural Gas Available
Possession 0-30 Days CD
Roof Unknown
Zoning LC-1
Security Features Desk in Lobby Doorman
Construction Materials Block
Exclusions none
Year Built 1954
Electric 150 Amps
View Street
Property Subtype Land for Commercial Use
Tax Year 2024
FULL Fee Simple
Cool Fuel Electric
Municipality Ocean City
Business Type Apartment Building Bed and Breakfast Big Box Retail Car Wash/Truck Wash Convenience Store/Gas Medical Professional Recreation Restaurant/Bar Shopping Center Supermarket/Grocery Store
Accessibility None
County WORCESTER
New Construction N
Property Type Commercial Sale
Possible Use Apartments Apartment Building Bar/Tavern/Lounge Barber/Beauty Bed & Breakfast Beer/Wine/Liquor Commercial Convenience Store Development Financial Flex Space Food Market Hotel/Motel Laundromat Liquor
Water Access Y/N N
Status ACTIVE
Directions Coastal Highway to 19th Street. Motel on Coastal Highway.
City OCEAN CITY
NumberOfUnitsTotal 1
MLS Area Ocean Block (82)
Lot Size Units Square Feet
Lot Size Square Feet 35400.00
Waterfront Y/N N
Tax Annual Amount 32139.0
Property Condition Good
Price Per Sq Ft Total AG 422.82
Acceptable Financing Cash Conventional
Historic Y/N N
Lease Considered Y/N N
Vacation Rental Y/N N
Location Type Free Standing
Standard Status Active
Year Built Source Assessor
Tax Lot 1 2 3 4 5 6
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Exterior
Parking Features Private
Lot Features Cleared Corner
Water Source Public
Type of Parking Parking Lot
Foundation Details Block
Water View Y/N N
Building Area Total 12996.00
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.81
Road Surface Type Black Top Paved
Lot Size Source Assessor
Other Equipment Negotiable
Road Responsibility City/County
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 1900
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* Excluded Features
List By
Coldwell Banker/Bud Church Rea

Broker

kenchurch7@aol.com

Email

Affordability Calculator

$35,588
Per Month
92%
8%
0%
Monthly Principal & Interest
$32,910
Monthly Property Taxes
$2,678
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/21/2024$5,495,000 -3.51% Price Down
8/24/2024$5,695,000 Listed Price

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1900 Philadelphia Avenue, Ocean City, MD, 21842 is a Commercial Property for sale at $5,495,000 with 13,000 sqft and a lot size of 0.81. 1900 Philadelphia Avenue was built in 1954. The property's zip code is 21842 which is in Ocean City, MD