7501 Coastal Highway,
Ocean City,
Maryland MD21842-2937
Listing IDMDWO2011340
Price$3,100,000$295K
Price/SqFt$532.28
StatusACTIVE
SqFt
5,824
Acres
0.300
CountyWorcester
Year Built1960
Property TypeCommercial Sale
Property Sub TypeMixed Use
Welcome to 7501 Coastal Hwy - The PERFECT place to build your business! With four levels of work space and 5800(+/-) sq ft, the possibilities are endless! Right off of Coastal Hwy in Midtown OC guarantees a ton of exposure, with prominent signage right on the strip and plenty of parking in a private, paved lot. Enter the office to find a bright entry that will make your customers feel right at home. With a beautiful fireplace and open space for seating and a large TV or projector, this space is both welcoming and functional. The first level comes equipped with SIX enclosed offices, a large room perfect for meetings or communal workspace, two bathrooms, and two separate areas for supply storage. Head downstairs to find a large, open room at ground floor level with access to the alley behind the building and garage storage. Head up a wide, modern staircase to find another large space perfect for conducting meetings or communal work. This space leads out to a balcony facing 75th St for another entry point or employee breaks. Head up to the third floor to find even more - another FIVE enclosed office spaces, common areas and a kitchen and breakroom. Purchase also includes 102 75th St - Consisting of two separate rental buildings, each containing two 3 BR, 1 BA units. All four rental units come with parking spaces for two cars. A great way to add income! Come see it for yourself today! Please contact listing agents for more information. Lease option is available for interested parties. Looks can be deceiving from the outside but you'll be amazed at the potential of this space! Come see it for yourself today!
County
Worcester
Price/SqFt
532.28
Property Sub Type
Mixed Use
Property Type
Commercial Sale
Year Built
1960
Zoning
LC-1
Building Total SqFt Source
Assessor
Central Air
no
Cooling Type
Ductless/Mini-Split
Heating
yes
Heating Type
Other
Building Units Total
1
Car Parking Spaces
10
Construction Materials
Mixed
Cooling Fuel
Electric
Heating Fuel
Electric
Hot Water
Electric
Lot Dimensions Source
Assessor
Lot Size Dimensions
0.00 x 0.00
Lot Size Source
Assessor
Lot Size Units
Square Feet
New Construction
no
Roof
Unknown
Sewer Septic
Public Sewer
Tidal Water
no
Total Garage and Parking Spaces
10
Type of Parking
Driveway, Parking Lot
Water Access
no
Water Oriented
no
Water Source
Public
Water View
no
Country
US
In City Limits
yes
MLS Area
Bayside Interior (83)
Municipality
Ocean City
Transportation
Airport less than 10 miles, Bus Stop less than 1 mile
Waterfront
no
Accessibility Features
32"+ wide Doors, Other
Business Type
Apartment Building, Hair Salon and Spa, Professional
Days on Market
491
Historic
no
Land Use Code
C
Municipal Trash
yes
Potential Tenancy
Single
Property Manager
N
Year Assessed
2023
Year Built Source
Assessor
Acceptable Financing
Cash, Conventional
Association Recreation Fee
N
Automatically Update Tax Values
yes
Ground Rent Exists
no
Lease Considered
no
Net SqFt
9624
Ownership Interest
Fee Simple
Possession
Coin w/Sell Sett
Riparian Rights
no
Sale Type
Standard
Tax Annual Amount
18271
Tax Assessed Value
1296200
Tax Data Updated
no
Tax Lot
1
Tax Year
2023
Vacation Rental
no
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Contact - Listing ID MDWO2011340
Debora Hileman
Listing courtesy of Coldwell Banker Realty 4105246111
© 2024 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of Coldwell Banker Realty. Data last updated on Thursday, March 28th, 2024 01:06:32 PM.
© 2024 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of Coldwell Banker Realty. Data last updated on Thursday, March 28th, 2024 01:06:32 PM.
Data services provided by IDX Broker