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Listed by Kevin E Decker • Coastal Life Realty Group LLC
Bought with Unrepresented Buyer • Unrepresented Buyer Office
Bought with Unrepresented Buyer • Unrepresented Buyer Office
$ 3,075,000
$ 3,500,000 12.1%
Est. payment /mo
Sold on 05/09/2025
7500 COASTAL HWY Ocean City, MD 21842
15,828 SqFt
UPDATED:
Key Details
Sold Price $3,075,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 15,828 sqft
Price per Sqft $194
MLS Listing ID MDWO2027834
Year Built 1986
Annual Tax Amount $19,400
Tax Year 2024
Lot Size 0.329 Acres
Property Sub-Type Five Or More Units
Property Description
Prime investment opportunity! This 28-room motel, situated in the highly desirable 75th Street ocean block, is an exceptional find in the heart of Ocean City. Surrounded by a variety of popular restaurants, shops, and entertainment options, this property is perfectly positioned to attract tourists and vacationers. Ideal location, just steps from the beach, offering guests easy access to the ocean and nearby attractions. The property features plenty of parking, a rare and valuable asset in this busy resort area. With its manageable size and efficient layout, this motel is well-suited for first-time buyers or seasoned hospitality operators. Whether you're looking to expand your real estate portfolio or dive into the hospitality industry, this motel is a fantastic opportunity with great income potential. Don't miss the chance to own a piece of Ocean City's thriving vacation market!
Location
State MD
County Worcester
Area Ocean Block (82)
Zoning R-3
Interior
Hot Water Electric
Heating Wall Unit
Cooling Wall Unit
Exterior
Garage Spaces 28.0
Water Access N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Worcester County Public Schools
Others
Special Listing Condition Standard
