14101 COASTAL HWY, OCEAN CITY, MD 21842

14101 COASTAL HWY, OCEAN CITY, MD 21842

  3950000
  1002345626
  16500
  85405.00
  292 days
  N
  No

Description

HUGE PRICE REDUCTION BUY ALL OR PART! PRICED BELOW ASSESSED VALUE WHICH IS $5,197,800 FOR THE BUILDING AND THE LOTS! RESTAURANT & MAIN LOT CAN BE BOUGHT FOR $2,100,000! Exceptional opportunity to continue as a restaurant location or redevelop or convert the building to other uses. Hotel, Condominiums or Retail. Three lots have a total of 85,405 sf of land. Lot A 26 Condos or 56 Hotel Rooms. Lot B 47 Condos or 99 Hotel Rooms. Lot C 4 Condos or 14 Hotel Rooms. The current building seats 625 and there are a total of 140 parking space PLUS ample street parking. Current building could be converted to retail with 12,000 sf of public space and 4,500 sf of storage space. Plus there is storage and employee housing on the second floor. Gross square footage is 23,535+/-. Owner will be auctioning the furniture, fixtures & equipment.

Map

General

 0
 0
 0
 16500
 85405.00
 Retail
 WORCESTER
 1977
 N
 23535
 Public Sewer
 Active
 2
 Public

Exterior Features

 N
 Built-Up,Composite
 N
 N
 LC-1

Interior Features

 Ceramic Tile
 Other
 Y

Lot Information

 1.96
 85405.00
 There are 3 lots. The main lot plus two additional for parking.

School Information

 WORCESTER COUNTY PUBLIC SCHOOLS
 OCEAN CITY
 STEPHEN DECATUR
 STEPHEN DECATUR

Fees & Taxes

 14627.00
 26232.00

Broker & Realtor

 Edward T Wehnert
 Coldwell Banker Residential - 64