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Layton's Family Restaurant
1601 Philadelphia Ave., Ocean City, MD 21842
N/A
90,000 SF
Retail
Restaurant
Anchor
Strip Center
Vacant/Owner-User
1.5%
7.10%
100%
8
1964
32,000 SF
-
Last Verified 5/17/2006
Listing ID 14377455
Highlights
$147,500 pad cost per Residential Unit- Permitting 40 Residential Pad Sites PLUS 15,000 Square Feet Commercial
- $5,000,000 pad cost for ground floor Commercial
- New CVS on Neighboring Border
- Convenient Downtown Location
- High Visibility & Traffic Count
Description
Proposed redevelopment opportunity. Existing landmark restaurant and commercial strip center to be reconstructed as an eight story MUD: 15,000 sq ft commercial on ground floor, two stories of parking, and five floors of residential condominiums (8 units per floor - 1875 sq ft each) on top. Permitting underway. Now accepting letters of intent.
Downtown Ocean City, Maryland. Beach resort community. Rare commercial redevelopment opportunity in an innovative MUD project. Perfect location for a national franchise.
Map of 1601 Philadelphia Ave., Ocean City, MD 21842 (Worcester County)
Created 10/20/2005
Additional Information for 1601 Philadelphia Avenue, Ocean City, MD 21842
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