1601 Philadelphia Rd | Ocean City, MD 21842
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- LoopNet Team
1601 Philadelphia Rd
Ocean City, MD 21842
Layton's Rest · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Heavy traffic, bus line
- Triple Net for front 3 units facing East
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
17,250 SF
Building Class
B
Year Built/Renovated
1964/2014
Tenancy
Single
Building Height
2 Stories
Building FAR
0.54
Lot Size
0.74 AC
Zoning
LC1
Parking
50 Spaces (2.9 Spaces per 1,000 SF Leased)
Frontage
126’ on Philadelphia Avenue
AMENITIES
- Bus Line
- Corner Lot
- Restaurant
- Tenant Controlled HVAC
- Air Conditioning
ABOUT 1601 PHILADELPHIA RD , OCEAN CITY, MD 21842
JUST REDUCED $200,000 | This is an incredible investment opportunity to help your buyer acquire a property with a 7.44% return. Located in downtown Ocean City, this is a mainstay of the town. The front three units are triple net. This property is located in an economic opportunity zone.
PROPERTY TAXES
| Parcel Number | 10-040892 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,751,133 |
PROPERTY TAXES
Parcel Number
10-040892
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,751,133
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