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Pier 23 12820 Harbor Rd 16 Unit Apartment Building $6,500,000 ($406,250/Unit) Ocean City, MD 21842
INVESTMENT HIGHLIGHTS
- Unique Deepwater Fronting Location w/ 11 Boat Slips
- Income from Apartmenet Building
- Fully Equipped Restaurant
EXECUTIVE SUMMARY
Great investment opportunity located on Harbor Road in West Ocean City. Four parcels to include Pier 23 Restaurant, Apartment Building and Parking Lot direclty across the street. Total of 1.6 Acres.
PROPERTY FACTS
| Price | $6,500,000 | Building Class | C |
| Price Per Unit | $406,250 | Lot Size | 0.91 AC |
| Sale Type | Investment | Building Size | 9,102 SF |
| No. Units | 16 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1967 |
| Apartment Style | Low-Rise | Parking Ratio | 7/1,000 SF |
| Zoning | C-2 - CM & C2 Zoning | ||
| Price | $6,500,000 |
| Price Per Unit | $406,250 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.91 AC |
| Building Size | 9,102 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 1967 |
| Parking Ratio | 7/1,000 SF |
| Zoning | C-2 - CM & C2 Zoning |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 10-013909 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,628,800 |
PROPERTY TAXES
Parcel Number
10-013909
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,628,800
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Pier 23 | 12820 Harbor Rd
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