1900 Philadelphia Ave, Ocean City, MD, MD 21842

$5,495,000
List Price
$5,495,000
Price Change
▼ $200,000 1726875648
Days on Market
51
Status
ACTIVE
Type
Commercial
MLS#
MDWO2022922
Lot Size (Acres)
0.81
Year Built
1954
County
Worcester
School District
Worcester County Public Schools

Property Description

Tremendous opportunity to own an existing family run 49 unit motel. Located only a few steps from our famous boardwalk, ocean and numerous attractions. The Cabana Motel has been up and running in Ocean City in excess of 50 years with many repeat customers. In addition, this could be one of your best opportunities for a massive redevelopment. 6 lots of commercial land, total sq footage of 35,400. The possibilities are endless. Call listing agent for all details and showings. Please note, there are several excluded buyers, before starting the process call listing agent to discuss.

Additional Information

Area
Ocean Block (82)
Taxes
$32139
Elementary School
Ocean City
Middle School
Stephen Decatur
High School
Stephen Decatur
Flooring
Concrete
View
Street
Heating
Wall Unit
Cooling
Multi Units, Wall Unit
Roof
Unknown
Utilities
Cable TV Available, Electric Available, Natural Gas Available
Water
Public
Sewer
Public Sewer

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Coldwell Banker/Bud Church Rea. Contact: (410) 524-7888