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115 72ND Street

OCEAN CITY, MD 21842
  • $5,000,000
  • STATUS: Active Under Contract
  • ON SITE: 52 Days
  • ID#: MDWO2011570
Under Contract
$5,000,000
  • 0
    BEDS
  • 1.32
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1966
County:

School Information

Elementary School:
Middle School:
High School:

Description

Very rare opportunity. Massive development potential. Or operate as it has since being built in 1966 as Ocean Lanes bowling center. This property consists of 2 parcels: 41,375sq ft and a 2nd parcel of 16,250 sq ft. The larger parcel consists of fully operating Bowling alley, law office, and a 2br owners apartment. The parcel fronting coastal highway is currenlty leased to OCM crab business. All offers must honer the current lease. Total square footage of both parcles 57,625. Approximate building size of both buildings 16,200+- Call for details.

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©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Long and Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-02-04T23:50:29.55.
www.easternshorehomesolutions.com/homes/135414142
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115 72ND Street OCEAN CITY, MD 21842

  • Price: $5,000,000
  • Status: Active Under Contract
  • On Site: 52 Days
  • ID#: MDWO2011570
0
Beds
0
Baths
0
½ Baths
1.32
Acres
1966
Built
Neighborhood:
Bayside Interior (83)
County:
Worcester
Area:
Bayside Interior (83)
Elementary School:
Ocean City
Middle School:
Stephen Decatur
High School:
Stephen Decatur
School District:
Worcester County Public Schools
Property Description
Very rare opportunity. Massive development potential. Or operate as it has since being built in 1966 as Ocean Lanes bowling center. This property consists of 2 parcels: 41,375sq ft and a 2nd parcel of 16,250 sq ft. The larger parcel consists of fully operating Bowling alley, law office, and a 2br owners apartment. The parcel fronting coastal highway is currenlty leased to OCM crab business. All offers must honer the current lease. Total square footage of both parcles 57,625. Approximate building size of both buildings 16,200+- Call for details.
Exterior Features

Construction Materials BlockBrickCombinationConcreteFrameMasonryMixedStick Built Garage YN No Location Type Corner Lot/Unit Lot Features Cleared Parking Features Paved Parking Parking Types Parking Lot Property Condition Good Riparian Rights YN No Road Responsibility Public Road Surface Type Black Top Roof Flat View Bay Water Access YN No Water Oriented YN No Water View YN Yes Waterfront YN No

Interior Features

Building Area Total 12420.00 Cooling Central A/C Flooring 3000+ PSI Heating Central Heating YN Yes Net Square Feet 16200.00 Security Features 24 Hour SecurityCarbon Monoxide Detector(S)Electric AlarmMain Entrance LockSecurity System

Property Features

Acceptable Financing CashConventional Accessibility Features None Assessment Year 2022 Business Type Bowling AlleyProfessionalRestaurant/Bar Central Air YN Yes Cooling Fuel Electric Electric 200+ Amp Service Foundation Details Block Heating Fuel Electric Historic YN No Hot Water Electric Internet Services Cable Lease Considered YN No Municipality Ocean City Navigable Water YN N New Construction YN No Number Of Units Total 2 Original MLSNumber 802058214348 Ownership Interest Fee Simple Possession 61-90 Days Cd Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 37009.00 Tax Assessment Amount 2625500.00 Tax Lot C Utilities Cable Tv AvailableCable TvElectric AvailableMultiple Phone LinesNatural Gas Available Vacation Rental YN No Water Source Public Zoning Lc-1

Listing courtesy of Coldwell Banker/Bud Church Rea: .


©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Long and Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-02-04T23:50:29.55.
 
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Long and Foster Real Estate
107 Williamsport Circle
Salisbury MD, 21804