Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1965
Sq.Footage
11,439
Rare investment opportunity in Ocean City, Maryland! This unique four-parcel package includes three income-producing properties and an additional waterfront canal parking lot, all being sold together. The portfolio features the Crystal Sands Motel, a 25-room ocean-block motel on 17th Street, just a short walk to the beach and famous Ocean City Boardwalk, along with two 7-unit apartment buildings located at 609 Philadelphia Avenue and 205 11th Street in downtown Ocean City. The motel offers onsite parking, with additional parking available at the nearby canal-front lot. All buildings have been well maintained, upgraded, and are currently income-producing. This diverse portfolio offers investors the opportunity to own a combination of motel and multifamily assets in one of the East Coast’s most popular vacation destinations. Conveniently located near the beach, Boardwalk, and downtown attractions, this is a unique opportunity to acquire multiple established income-producing properties in one package.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Window Unit(s), Electric
-
Heating YN
YES
-
Heating
Electric, Other
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
Parking Lot
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Cleared
-
Lot Size(acres)
0.22
-
Lot Size(square feet)
9,500
-
Property Type
Commercial Sale
Price
-
Sales Price
$7,500,000
-
Tax Amount
$24,488
-
Zoning
R3
-
Sq. Footage
11,439
-
Price/SqFt
$655
HOA
-
Association
N/A
-
Total Monthly Fees
true
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
3
-
New Construction
NO
-
Foundation Details
Block
-
Sewer
Public Sewer
-
Tax Lot
12
-
Water Source
Public
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Location
County
WORCESTER
Elementary School
Middle School
High School
Listing Courtesy of Kevin E Decker, Coastal Life Realty Group LLC
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Salesperson, Realtor
Maisha Lewis-Ceaser
Call Maisha today to schedule a private showing.
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