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Listed by Kevin E Decker • Coastal Life Realty Group LLC
$7,500,000
Est. payment /mo
9,500 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID MDWO2042252
Year Built 1965
Annual Tax Amount $24,488
Tax Year 2026
Lot Size 9,500 Sqft
Acres 0.22
Lot Dimensions 0.00 x 0.00
Property Sub-Type Other
Source BRIGHT
Property Description
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.
Location
State MD
County Worcester
Area Worcester East Of Rt-113
Zoning R-3
Interior
Hot Water Electric
Heating Other
Cooling Window Unit(s)
Flooring Carpet
Heat Source Electric
Exterior
Garage Spaces 28.0
Water Access N
Accessibility None
Road Frontage Public
Total Parking Spaces 28
Garage N
Building
Lot Description Cleared
Foundation Block
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Worcester County Public Schools
Others
Tax ID 2410041457
Ownership Fee Simple
Special Listing Condition Standard
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Nearby Locations
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