Thank you
Spike Sands
Berkshire Hathaway HomeServices PenFed Realty - OP
410-208-3500
Just Dropped 100K!!!! Commercial Investment Opportunity in West Ocean City, MD. Located directly across from the acclaimed Sello's Restaurant, this commercial property in the heart of West Ocean City, Maryland, offers a unique investment opportunity with limitless potential. Comprising two parcels, the property features two beautifully updated cottages, promising a blend of charm and modern convenience. Cottage one offers a cozy retreat with one bedroom, one bath, living area, kitchen, and front porch perfect for a private getaway or an intimate holiday rental. The second cottage, with two bedrooms, one bath, living room, dining room, and kitchen provides ample space for small families or groups, ensuring comfort and relaxation for all guests. Each cottage was thoughtfully updated and renovated in 2020. Zoned C-2, this property presents an unparalleled advantage. Whether you envision a bustling retail space, an exclusive office, or continue thriving as short-term rentals, the possibilities are as vast as your imagination. The strategic zoning ensures you have the flexibility to bring your vision to life, making this not just an investment in real estate, but in the endless potential of West Ocean City itself. Location is everything, and this property does not disappoint. A leisurely stroll will take you to the Ocean City Fishing Harbor with the public boat ramp and Sunset Marina, where the beauty of our fishing community can be fully appreciated. For beach lovers, the sandy shores of Ocean City, MD, are just 4 miles away, offering sun, surf, and entertainment. Assateague Island, known for its wild ponies and pristine beaches, is just 6 miles away. Currently utilized as short-term rentals, this property has already proven its value and appeal. The demand for unique, comfortable accommodations in West Ocean City is high, making this a turn-key investment with immediate returns. However, with C2 zoning, your options are open, allowing you to redefine the space to meet your goals. Don't miss this chance to own a piece of West Ocean City's charm. Whether you're looking to expand your portfolio, start a new venture, or simply own a piece of this beloved Maryland treasure, this property offers the perfect foundation for your dreams.
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Total Bedrooms : 3
Master Bedroom Level: 3
Total Baths: 2
Full Baths: 2
Water Source : Well
Breakfast Area,Built-Ins,Floor Plan - Open,Kitchen - Galley,Recessed Lighting,Upgraded Countertops
Roof : Architectural Shingle
Property Appliances: Built-In Microwave,Dishwasher,Disposal,Dryer - Electric,Refrigerator,Stainless Steel Appliances,Washer,Water Heater
Architectural Shingle
Cooling: Central A/C
Heating: Heat Pump(s)
Cooling Fuel: Electric
Heating Fuel: Electric
Year Built: 1940
Structure: Detached
Major Appliances: Built-In Microwave,Dishwasher,Disposal,Dryer - Electric,Refrigerator,Stainless Steel Appliances,Washer,Water Heater
New Construction: No
Built: 1940
Construction Material: Concrete,Stick Built
Roof: Architectural Shingle
Foundation/Basement: Crawl Space
Architecture: Coastal
Pool/Private: No Pool
Roof Type: Architectural Shingle
Building Name: NONE AVAILABLE
Pool: No Pool
Sewer: Public Sewer
Water Heat: Electric
Lot Size: 16,200
Dimensions: 0.00 x 0.00
Lot Size (Acres): 0.37
Architectural Style: Coastal
Main Square Feet: 16,200
SQ ft: 1,712
SQ ft (Living Area): 1,712
Total Lot SQ ft: 16,200
Subdivision: WEST OCEAN CITY
Financing: Cash,Conventional
Appx. Lot Dimensions: 0.00 x 0.00
Total Acreage: 0.37
New Construction: No
Type: Coastal
Possession: Settlement
Days Of Market: 35
Annual Tax: $1,703
Tax Year: 2023
Total Taxes Payment Frequency: Annually
Settlement
Taxes Assessment Amount: $177,900
Total Parking Spaces: 8
Parking Type: Driveway
Parking Features: Shared Driveway
Has Garage: N
Acceptable Financing: Cash,Conventional
Roof: Architectural Shingle
Direction: From RT 50 heading towards Ocean City make a right on Golf Course Rd. Cottages on the right across from Sellos.
Elementary School: OCEAN CITY
Middle OR Junior School: STEPHEN DECATUR
High School: STEPHEN DECATUR
School District: WORCESTER COUNTY PUBLIC SCHOOLS
Water Source: Well
Sewer: Public Sewer
Cooling Fuel: Electric
Heating Fuel: Electric
Hot Water: Electric
Direction: From RT 50 heading towards Ocean City make a right on Golf Course Rd. Cottages on the right across from Sellos.
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
9750 Marthas Landing Ro.., Ocean City, MD,21842 | $9,990,000 | 6 | 7.5 | 7,634 | 17919 Sqft |
Keyser Point Road , Ocean City, MD,21842 | $420,000 | -- | -- | 197,327 | 197327 Sqft |
110 Sand Dollar Lane , Ocean City, MD,21842 | $196,500 | 2 | 1.0 | 470 | -- |
12004 Ocean Gateway , Ocean City, MD,21842 | $900,000 | -- | -- | 304,920 | 304920 Sqft |
4306 Coastal Highway , Ocean City, MD,21842 | $1,950,000 | 3 | 2.5 | 3,448 | 7150 Sqft |
4302 Coastal Highway , Ocean City, MD,21842 | $599,000 | 3 | 2.0 | 1,248 | 3575 Sqft |
Blue Marlin , Ocean City, MD,21842 | $485,000 | -- | -- | 673,002 | 673002 Sqft |
8240 Wilmington Lane , Ocean City, MD,21842 | $855,000 | 4 | 3.0 | -- | -- |
13444 Madison Avenue , Ocean City, MD,21842 | $750,000 | 3 | 2.0 | 2,000 | 5000 Sqft |
12918 Charles Street , Ocean City, MD,21842 | $199,900 | -- | -- | 5,250 | 5250 Sqft |
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ByOwner last updated this listing 05/11/2024 @ 16:10
MLS: MDWO2019446
LISTED BY: Spike Sands , Berkshire Hathaway HomeServices PenFed Realty - OP
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.