Homes for sale - 7500 COASTAL HWY, Ocean City, MD 21842

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Leticia Ramos

letty@yourkeystoclose.com +1(540) 455-1295

$ 3,500,000

Est. payment | -/mo

15,828 SqFt

Save

$ 3,500,000

Est. payment | -/mo

Save

15,828 SqFt

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 15,828 sqft

Price per Sqft $221

MLS Listing ID MDWO2027834

Originating Board BRIGHT

Year Built 1986

Annual Tax Amount $19,400

Tax Year 2024

Lot Size 0.329 Acres

Acres 0.33

Lot Dimensions 0.00 x 0.00

Property Description

Prime investment opportunity! This 28-room motel, situated in the highly desirable 75th Street ocean block, is an exceptional find in the heart of Ocean City. Surrounded by a variety of popular restaurants, shops, and entertainment options, this property is perfectly positioned to attract tourists and vacationers. Ideal location, just steps from the beach, offering guests easy access to the ocean and nearby attractions. The property features plenty of parking, a rare and valuable asset in this busy resort area. With its manageable size and efficient layout, this motel is well-suited for first-time buyers or seasoned hospitality operators. Whether you're looking to expand your real estate portfolio or dive into the hospitality industry, this motel is a fantastic opportunity with great income potential. Don't miss the chance to own a piece of Ocean City's thriving vacation market!

Location

State MD

County Worcester

Area Ocean Block (82)

Zoning R-3

Interior

Hot Water Electric

Heating Wall Unit

Cooling Wall Unit

Heat Source Electric

Exterior

Garage Spaces 28.0

Water Access N

Accessibility Elevator

Total Parking Spaces 28

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Worcester County Public Schools

Others

Tax ID 2410086116

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Listed by Kevin E Decker • Coastal Life Realty Group LLC

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(540) 455-1295

letty@yourkeystoclose.com

1101 Wilson Blvd, Arlington, VA, 22209, USA

7500 COASTAL HWY Ocean City, MD 21842