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OCEAN CITY Maryland Real Estate Properties For Sale

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14101 COASTAL HIGHWAY, OCEAN CITY, Maryland
MLS #: 1002345626
0 Bedrooms
0 Bathrooms
0 Half Bathroom
Dwelling Type: Retail
Area: Bayside Interior (83)
Status:
Year Built: 1977

Price: $3,950,000

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HUGE PRICE REDUCTION BUY ALL OR PART! PRICED BELOW ASSESSED VALUE WHICH IS $5,197,800 FOR THE BUILDING AND THE LOTS! RESTAURANT & MAIN LOT CAN BE BOUGHT FOR $2,100,000! 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+/-. Owner will be auctioning the furniture, fixtures & equipment.


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Property Details

Address: 14101 COASTAL HIGHWAY OCEAN CITY ,
County:
MLS#: 1002345626
MLS Area: Bayside Interior (83)
Property Sub-Type: Retail
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Pool:
Garage Type/Spaces: / 0.00
Year Built: 1977
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List Date:
List Price: $3,950,000
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Lot Acres: 1.96
Zoning Code:
Annual St/Cnty Tax: $26,232
Annual City Tax: $14,627
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Bedrooms: 0
Full Baths: 0
Half Baths: 0
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Annual Condo Fee: $0
Annual HOA Fee: $0
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Annual Trash Fee: $0
Annual Water Fee: $0
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LA:
LO: Coldwell Banker Residential - 64

Location Map

Map locations are approximate. Please contact one of our sales agents for additional location information.
 

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All room dimensions and other measurements are approximate. All information is deemed reliable but not guaranteed. Prospective purchasers should verify the information to their own satisfaction.

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