14101 Coastal Hwy, Ocean City, MD 21842
$4,500,000

MLS#
1002345626
Price
$4,500,000
Standard Status
Active
Waterfront
N

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+/-.

Exterior Features


Construction Materials
Block, brick, batts Insulation, concrete, frame, glass, masonry, wood Siding
Parking Features
Lighted Parking, paved Parking
Roof
Built-up, composite

Interior Features


Heating
Other
Heating Fuel
Other
Cooling
Central A/c
Hot Water
Other
Flooring
Ceramic Tile

Additional Details


Acres
1.96
Year Built
1977
New Construction
N
Property Type
Commercial Sale
County
Worcester
Lot Size Dimensions
There Are 3 Lots. The Main Lot Plus Two Additional For Parking.