110 75th St, Ocean City MD 21842

  • 110 75th St
  • 110 75th St
  • 110 75th St
  • 110 75th St
  • 110 75th St

Description

PRICE REDUCED $150,000. SELLER SAYS _ BRING HIM AN OFFER!Great bay views and a mid-town location! Development opportunity for 44 hotel rooms or 22 townhouses or condominiums. Being sold for development potential. Existing cottages bring in $65K! All existing structures sold ''as is'' with no warranty or guarantee. Basic schematic drawings are available for townhouses and condominiums.Some private financing may be available.

Contract Information

List Price - $1,750,000
Property Sub-Type - Commercial

Location, Legal, Taxes & Expenses

MLS No. - 510797
MLS Area - Worcester East of 113
County - 24 - Worcester
Subdivision - N/A
Cross Street - 75
Annual City Tax - $3,053
Elementary School - Ocean City
Middle School - Stephen Decatur
High School - Stephen Decatur
Zoning Code - R2 & LC1
Zoning Description - Multifamily & Comml
City Taxes - Y
Annual HOA Fee - $0
Annual Cnty Tax - $6,106

General Property Description

Lot SqFt - 24,000
Lot Acres - 0.55
Foreclosure/REO - No
Short Sale - No

Property Features

Waterfront Type - Not Applicable
Dock Type - None
Disclosure/Restrictions - Building Winterized,Existing Lease/Rntls
Lot Description - Corner

Agent

Ocean City, MD 21842
Contact: (410) 726-2022
Office: (410) 524-6111

Map