7501 Coastal Highway,
Ocean City,
Maryland MD21842-2937
Listing IDMDWO2011340
Price$3,495,000
Price/SqFt$600.10
StatusACTIVE
SqFt
5,824
Acres
0.300
CountyWorcester
Year Built1960
Property TypeCommercial Sale
Property Sub TypeOffice
1 Block to the Bay and Ocean. Great Investment Opportunity. Real Estate includes 1) 7501 Coastal Hwy - 5800 +\- SF Office Building Fronting Coastal Hwy (One Year left on lease).
And 2) 102 75th St 2 Apartment buildings; 4) 3 Bedroom /1 Bath rental Units on 75th St Bayside with Off street stacked parking between buildings. Each rental unit has a parking space for two cars.
County
Worcester
Price/SqFt
600.1
Property Sub Type
Office
Property Type
Commercial Sale
Year Built
1960
Zoning
LC-1
Building Total SqFt Source
Assessor
Central Air
no
Cooling Type
Ductless/Mini-Split
Heating
yes
Heating Type
Other
Building Units Total
1
Car Parking Spaces
10
Construction Materials
Mixed
Cooling Fuel
Electric
Heating Fuel
Electric
Hot Water
Electric
Lot Dimensions Source
Assessor
Lot Size Dimensions
0.00 x 0.00
Lot Size Source
Assessor
Lot Size Units
Square Feet
New Construction
no
Roof
Unknown
Sewer Septic
Public Sewer
Tidal Water
no
Total Garage and Parking Spaces
10
Type of Parking
Driveway, Parking Lot
Water Access
no
Water Oriented
no
Water Source
Public
Water View
no
Country
US
In City Limits
yes
MLS Area
Bayside Interior (83)
Municipality
Ocean City
Transportation
Airport less than 10 miles, Bus Stop less than 1 mile
Waterfront
no
Accessibility Features
32"+ wide Doors, Other
Business Type
Apartment Building, Hair Salon and Spa, Professional
Days on Market
2
Historic
no
Land Use Code
C
Municipal Trash
yes
Potential Tenancy
Single
Property Manager
N
Year Assessed
2022
Year Built Source
Assessor
Acceptable Financing
Cash, Conventional
Association Recreation Fee
N
Automatically Update Tax Values
yes
Ground Rent Exists
no
Ground Rent Payment Frequency
Annually
Lease Considered
no
Net SqFt
9624
Ownership Interest
Fee Simple
Possession
Coin w/Sell Sett
Riparian Rights
no
Sale Type
Standard
Tax Annual Amount
17799
Tax Assessed Value
1262667
Tax Lot
1
Tax Year
2022
Vacation Rental
no
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Contact - Listing ID MDWO2011340
Paul Whitney
Listing courtesy of Coldwell Banker Realty 4105246111
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