206 Somerset St, Ocean City, MD 21842
$949,000

MLS#
Mdwo115390
Price
$949,000
Standard Status
Active
Waterfront
N

Welcome to your next opportunity in the Ocean City, MD opportunity zone at the Somerset Harbor property boosting 55 land use options with this DMX zoned land and units. The existing 3 buildings features 2x two bedroom, 1 bathroom units making up 6 units, and confirms with 6 units redevelopment options set to improve the area. Currently, 3 units are rented as a AirBnb vacation rental and 3 as employee/student summer housing. Each unit has been moderately updated, and is already income producing. DMX zoning allows for 55 land use redevelopment options such as a new condo building, single family home(s), hotel/motel, commercial, mixed-use, retail stores, the list goes on.... Inquire for Land-Use Resources.

Exterior Features


View
Bay, city, harbor, marina, scenic Vista, street
Construction Materials
Stick Built

Interior Features


Heating
None
Heating Fuel
None
Cooling
Window Unit(s)
Hot Water
Electric

Additional Details


Acres
0.11
Year Built
1930
New Construction
N
Property Type
Commercial Sale
County
Worcester
Lot Size Dimensions
100.00 X 50.00