www.easternshorehomesolutions.com/homes/87066711
14101
Coastal Highway
OCEAN CITY,
MD
21842
Neighborhood:
Bayside Interior (83)
Area:
Bayside Interior (83)
Elementary School:
Ocean City
Middle School:
Stephen Decatur
High School:
Stephen Decatur
School District:
Worcester County Public Schools
HUGE PRICE REDUCTION! PRICED BELOW ASSESSED VALUE WHICH IS $5,197,800 FOR THE BUILDING AND THE LOTS! 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+/-.
Construction Materials
BlockBrickBatts InsulationConcreteFrameGlassMasonryWood Siding
Direction Faces
East
Garage YN
No
Location Type
Adjoins National Forest
Lot Features
Other
Other Equipment
Negotiable
Other Structures
Above GradeBelow Grade
Parking Features
Lighted ParkingPaved Parking
Parking Types
Parking Lot
Property Condition
Average+
Riparian Rights YN
No
Roof
Built-UpComposite
Water Access YN
No
Water Oriented YN
No
Waterfront YN
No
Below Grade Finished Area
0
Below Grade Unfinished Area
0
Building Area Total
23535.00
Cooling
Central A/C
Exclusions
Seller Will Supply List Of Exclusions
Fireplaces Total
0
Flooring
Ceramic Tile
Heating
Other
Heating YN
Yes
Inclusions
All Existing FurnitureFixtures & Equipment As Of The Day Of Settlement But Subject To Some Exclusions And Seller is Moving Some items To Their Other Locations.
Living Area
23535
Net Square Feet
16500.00
Acceptable Financing
CashConventional
Accessibility Features
Other
Assessment Year
2017
Association YN
No
Business Type
Hotel/MotelRetailOtherCommercialConvenience StoreBar/Tavern/LoungeRestaurant
Central Air YN
Yes
Cooling Fuel
Electric
Electric
Other
Entry Level
1
Heating Fuel
Other
Hot Water
Other
Incorporated City Name
Ocean City
Lease Considered YN
Yes
Navigable Water YN
N
New Construction YN
No
Number Of Units Total
0
Original MLSNumber
300505168301
Ownership Interest
Fee Simple
Possession
31-60 Days Cd
Property Sub Type
Retail
Sale Type
Standard
Sewer
Public Sewer
Tax Annual Amount
44377.0
Tax Assessment Amount
5197800.0
Tax Lot
7405A
Utilities
Cable TvElectric AvailableMultiple Phone LinesPhoneSewer AvailablePropaneWater Available
Vacation Rental YN
No
Water Source
Public
Zoning
Lc-1
Zoning Description
Local Commercial
Listing courtesy of Coldwell Banker Residential - 64.
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Data last updated: 2019-02-23T09:55:17.21.