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sales rep | Brivity IDX

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1210 Philadelphia Ave , Ocean City, MD 21842
$2,900,000
Est. Payment: $15,924.17/mo
6996 Sqft
0.25 Acres
Status: active | Days on site: 176
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SG1210 - 3255702,3256207
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House Description

"Rare Downtown Ocean City Hospitality Compound " Investors you'll love the scalability, multiple income streams and operational flexibility * Located in the heart of downtown Ocean City * This unique hospitality investment opportunity features three separate buildings offering multiple income streams, exceptional guest amenities and prime redevelopment potential in one of the East Coast's most desirable beach destinations * The main building operates as a motel positioned in a highly sought-after downtown location just moments, 1.5 blocks , from the beach, boardwalk, restaurants, nightlife and entertainment. Attached to the main structure is an amenity-focused building featuring a pool, tiki bar and dedicated parking area creating a resort-style atmosphere for guests and visitors alike * The West building includes six additional units along with supplemental parking offering expanded lodging capacity and operational flexibility for short term, seasonal, employee housing or boutique concepts.

Highlights

Listed by Grace Masten , 4102504433 and Erik Dowell , 4102504433 Sea Grace @ North Beach Realtors , 4102504433. Bright MLS

Property Type

Commercial Sale

Lot/Acreage
0.25

Year Built

1968

County

Worcester

Area

Ocean Block (82)

School District

Worcester County Public Schools

Listing ID

MDWO2038400

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Interior Features

Air Cond:Wall Unit,Window Unit(s)
Fireplaces:
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No,In City Limits
Lot Dimensions:0.00 x 0.00
Garage Capacity:16
Zoning:R-3A
Sewer:Public Sewer
Parking Features:Paved Parking,Private,Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Principal Interest
$15,924
Taxes
$1,600

Home Price

$2,900,000

Loan Details

30 yrs
7.312%

Down Payment

20%
$580,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$15,924.17

Principal

Taxes

Principal Taxes HOA Total
Monthly $15,924.17 $1,599.50 $0.00 $17,523.67
Yearly $191,090.03 $19,194.00 $0.00 $210,284.03
Total $5,732,701.04 $575,820.00 $0.00 $6,308,521.04
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Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Ocean City, MD).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-14T11:13:36.000Z

© 2026 Bright MLS