1215 PHILADELPHIA AVE Ocean City, MD 21842
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Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID MDWO2038408
Year Built 1969
Annual Tax Amount $6,785
Tax Year 2025
Lot Size 7,200 Sqft
Acres 0.17
Lot Dimensions 0.00 x 0.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Located in the heart of downtown Ocean City * This unique hospitality investment opportunity features three separate buildings offering multiple income streams, exceptional guest amenities and prime redevelopment potential in one of the East Coast's most desirable beach destinations * The main building operates as a motel positioned in a highly sought-after downtown location just moments, 1.5 blocks , from the beach, boardwalk, restaurants, nightlife and entertainment. Attached to the main structure is an amenity-focused building featuring a pool, tiki bar and dedicated parking area creating a resort-style atmosphere for guests and visitors alike * The West building includes six additional units along with supplemental parking offering expanded lodging capacity and operational flexibility for short term, seasonal, employee housing or boutique concepts.
Location
State MD
County Worcester
Area Bayside Interior (83)
Zoning R-2
Interior
Hot Water Electric
Heating Forced Air
Cooling Wall Unit, Window Unit(s)
Heat Source Electric
Exterior
Garage Spaces 12.0
Utilities Available Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Water Access N
Accessibility Other
Total Parking Spaces 12
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Ocean City
Middle Schools Berlin Intermediate School
High Schools Stephen Decatur
School District Worcester County Public Schools
Others
Tax ID 2410037689
Ownership Fee Simple
Special Listing Condition Standard
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