410-524-6400

Properties

Ocean City, MD 21842

MLS Number: 510797


Originally $1,899,900
$1,799,900
 
Request Information
Description
PRICE REDUCED $100,000. SELLER SAYS _ BRING HIM AN OFFER!Great bay views and a mid-town location! Development opportunity for 44 hotel rooms or 22 townhouses or condominiums. Being sold for development potential. Existing cottages bring in $65K! All existing structures sold ''as is'' with no warranty or guarantee. Basic schematic drawings are available for townhouses. Adjoining lots could be purchased to increase to 60 hotel rooms or 28 condos or townhouses!
 
General Details
Lot Area: 0.55
Property Type: Commercial
County: Worcester
Sub-Division: N/A
Historical District: No
Public Maintained Road: Yes
Area: 83 - Bayside Interior
Disclosures: Building Winterized,Existing Lease/Rntls
Acres: 0.55
 
Community Information
Zoning: R2
 
Exterior Features
Block to Ocean: 2.00
Waterfront: Bay
Waterview: Yes
 
Interior Features
Water: Central Public, Ltrl n/Instld Tap Of
 
Lot Information
Number: 15, 16, 17 ,18
SqFt: 0.55
Dimensions: 200 x 120
Description: Corner
 
School Information
Elementary School: Ocean City
Middle School: Stephen Decatur
High School: Stephen Decatur
 
Fees & Taxes
City Taxes: $3,053
Condo Fee: $0
County Taxes: $6,106