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$3,400,000
174 Days Online

1001 Philadelphia Avenue
Ocean City, MD 21842

For Sale|Commercial|Active
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
1961
Built
County:
Worcester

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1001 Philadelphia Avenue1001 Philadelphia Avenue1001 Philadelphia Avenue1001 Philadelphia Avenue
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Excellent investment opportunity for a rare high traffic property offering a free standing Medical building Property consist of large .50+ acre lot, 5,833 sqft building, and 26 parking spaces. Currently occupied by well known medical practice tenant with NNN Lease. This property has a very high traffic count and visibility. Demographics for Ocean City is one of the largest tourist attraction for Maryland, In the summer weekends the city hosts between 320,000 and 345,000 vacationers, and up to 8 million visitors annually. During the summer, Ocean City becomes the second most populated municipality in Maryland offering over 200 public and private events that holds over 10,000 hotel rooms and 25,000 condominiums. This particular piece of property in considered a very large parcel in the downtown location. With a number of possibilities it could accommodate large hotel or condominiums for redevelopment. Call direct for more information.

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Listing Snapshot
Price 
$3,400,000
Days Online 
174 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.56 Acres
Year Built 
1961
MLS Number 
MDWO2002438
Status 
Active
Property Tax 
$24,668
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 hours agoListing updated with changes from the MLS
6 months agoListing first seen online
General Features
Water 
Public
Sewer 
Public Sewer
Electric 
Other
Construction Materials 
Brick
Zoning 
R-2
Acceptable Financing 
CashConventional
Interior Features
Heating 
Other
Cooling 
Other
Central Air 
No
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Community Features
Accessibility Features 
2+ Access Exits
Listing courtesy of Coastal Life Realty Group LLC (443) 235-8382



The real estate listing information is provided by Bright MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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