OCEAN CITY, MD Commercial Listing# 442805 |
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Located In: OCEAN CITY, MD
Offered At: $6,900,000.00
Year Built: 1984
Lot Size: 4.4 Acres
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Ocean City Health and Racquet Clulb is current Buisness. Existing building is over 44,000 sq. ft. zoned Commercial. Total land is 4.4 acres with potential for 190 condo & 380 hotel rooms. Upland is 1.94 acres where existing building and parking is located, plus 29,000 sq. ft. to the west surrounded by wetlands. Existing uplands supports 230 hotel units or 80 condos with required parking in a 5 story building. Could support restaurant as part of hotel or condo project by reducing units. Other options include mixed uses like Restaurant, shopping, office space or Day Spa, Hotel & Restaurant. Owner of property owns the business. Will consider purchase lease back, 2nd mortgage or subordinating. Buisness could be part of deal.
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Listing provided by COLDWELL BANKER RES BROKERAGE |
Data relating to real estate for sale on this website provided by Coastal Association of REALTORS® of Maryland, Inc. Real estate listings held by brokerage firms other than Long & Foster Real Estate are marked with the BR logo and detailed information about them includes the name of the listing brokers. All information provided deemed reliable but not
guaranteed and should be independently verified.
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