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 $100,000. 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. Adjoining lots could be purchased to increase to 60 hotel rooms or 28 condos or townhouses!

Contract Information

List Price - $1,799,900
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
Zoning Description - Multifamily
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 - Bay
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