Property
Ocean City, MD 21842 813 Atlantic Avenue # 6 & 7
$22,500,000
67 more
Presented By: Coldwell Banker/Bud Church Rea
SQFT • 61,000
Home Details
Lifetime opportunity to own a direct Oceanfront hotel on Ocean Cities famous Boardwalk. 89 total rooms. 47 direct Oceanfront. the balance of rooms/suites are ocean side and bayview. Renovations completed in Fall of 2023. 9th street and the boardwalk. Sale to also include a 110 seat turn key restaurant. Sale DOES NOT include any of the commercial stores on the boardwalk. Prequalification required for all showings. Call listing agent for any additional details and all showings.
Presented By: Coldwell Banker/Bud Church Rea
Interior Features for 813 Atlantic Avenue # 6 & 7
Other Interior Features
Central Air Y/NYes
Flooring3000+ PSI
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
Number of Elevators2
General for 813 Atlantic Avenue # 6 & 7
Acceptable FinancingCash, Conventional
AccessibilityNone
Association Recreation FeeN
Building NameNONE AVAILABLE
Business TypeHotel/Motel, Parking Lot, Restaurant/Bar
CityOCEAN CITY
Construction MaterialsConcrete, Block, Brick, Frame, Mixed
Cool FuelElectric
CoolingCentral A/C
CountyWORCESTER
DirectionsOceanfront between 8th and 9th Street and Boardwalk.
DisclosuresNone
Electric200+ Amp Service
FULLFee Simple
HeatingHeat Pump(s), Hot Water
Historic Y/NNo
Lease Considered Y/NNo
Location TypeFree Standing
Lot Size Square Feet44800.00
Lot Size UnitsSquare Feet
MLS AreaDirect Oceanfront (80)
ModificationTimestamp2024-09-21T03:20:59
MunicipalityOcean City
New ConstructionNo
NumberOfUnitsTotal1
Possession0-30 Days CD
Possible UseHotel/Motel, Restaurant
Price Per Sq Ft Total AG286.26
Property ConditionVery Good
Property SubtypeFive Or More Units
Property TypeCommercial Sale
RoofMetal
Security Features24 hour security, Desk in Lobby, Electric Alarm, Exterior Cameras
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount134273.0
Tax Assessed Value9593700.0
Tax Year2024
TransportationAirport less than 10 miles, Bus Stop less than 1 mile
Unit Number6 & 7
UtilitiesCable TV, Natural Gas Available, Phone Connected, Multiple Phone Lines
Vacation Rental Y/NNo
ViewOcean
Water Access Y/NYes
Waterfront Y/NYes
Year Built1998
Year Built SourceEstimated
ZoningC-1
Exterior for 813 Atlantic Avenue # 6 & 7
Building Area Total78600.00
Car Parking Spaces90
Fencing Y/NN
Foundation DetailsBlock, Brick/Mortar, Concrete Perimeter
Lot FeaturesAdditional Lot(s), Cleared
Lot Size Acres1.03
Lot Size SourceEstimated
Navigable Water Y/NYes
Other EquipmentNone
Parking FeaturesPaved Parking
Road ResponsibilityCity/County
Road Surface TypeBlack Top, Paved
Soil TypesUnknown
Total Loading Docks0
Total Parking Spaces90
Traffic CountGreater than 30000
Type of ParkingParking Lot
Water Body TypeOcean
Water Oriented Y/NYes
Water SourcePublic
Water View Y/NYes
Additional Details
Price History
Charles Torres
Owner
Price
$22,500,000
MLS#MDWO2023540
List Date
09/19/2024
Property Type
Commercial
Phone
(973) 332-3023