Active

1900 Philadelphia Ave

Ocean City MD, 21842

$5,495,000


$422.82 per sqft

Active

12,996 sqft

Commercial

Built in 1954

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.

MDWO2022922

MLS ID

August 24, 2024

Listed

November 22, 2024

Updated

Map

1900 Philadelphia Ave
Ocean City MD, 21842

Interior Features

Interior Features

Concrete


Appliances

Electric Water Heater


Floor Description

Concrete


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Electric

Exterior/Building Features

Lot Size

0.81 Acres


Lot Features

Cleared, Corner Lot


Sewer

Public Sewer

Other Property Details

Area Name

Ocean City


Taxes

$32,139


Tax Frequency

Annually


Days on Market

29


Garage

No


Parking Total

50


View

Yes


View Description

Street


County

WORCESTER


Water Source

Public


Pool

No

Listing History

Date

Event

Price

9/20/2024

Price change

$5,495,000

-4%

Listed by Coldwell Banker/Bud Church Rea
Listing Contact: 4105247888 

The IDX display contains information sourced from the Bright MLS, Inc. as of 11/22/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 11/22/2024 at 3:50 AM UTC

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