Commercial - Active

1001 PHILADELPHIA AVE AVENUE, OCEAN CITY

$3,400,000.00

Bedroom bedrooms

  • MLS #: MDWO2002438
  • Address: 1001 PHILADELPHIA AVE AVENUE, OCEAN CITY, MD 21842
  • Date Listed: 9/16/2021
  • Days on Market: 894
  • SQFT: 5833
  • Acres: 0.560
  • Stipulations: Standard
  • Subdivision: HITCHENS TRIMPER DEV
  • Zoning: R-2
  • Listing Agency: Coastal Life Realty Group LLC

Location Location

Agent Comments Agent Comments
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.

Interior Features Interior Features
  • Cool System: Other
  • Heat System: Other

Exterior Features Exterior Features
  • Parking: 26

Additional Features Additional Features
  • New Construction: N
  • County: WORCESTER
  • Property Type: Medical
  • Waterfront Features: Other
  • Water View: N
  • Water/Sewer: Public Sewer
  • Year Built: 1961