Property Listing No Longer Available for Sale

14101 Coastal Highway, Ocean City, MD

Others for Sale - $3,950,000 - 1.96 acres


Property Info

CIMLS #1025212
Location14101 Coastal Highway
Ocean City MD 21842
Last UpdatedMarch 12th, 2019
TypeOthers
Price$3,950,000
Land1.96 acres
DemographicsView sample

Property 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.


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