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$700,000
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Property Description
See Addendum for Inventory Now is the chance to own your own business. 43 seats in bar area and 83 in restaurant section. Courtyard seating available (42 seats) but must sign new lease with Fountainhead Condominiums. This is a commercial condominium. Owners must adhere to all by laws and condo documents. New owner must apply for liquor license and secure new lease for courtyard. Needs some TLC but new owner would want to make it their own. Swimming pool deck is above the unit. Liquor License allowed music until 11:00 pm. 16 parking spaces.
Full Property Details
Full Property Details for 11604 Coastal Hwy #101
General
- Sold For: $700,000
- Taxes: $10,068 (2021)
- Status: Closed
- Type: Business
- Source: BrightMLSMidAtlantic
- MLS ID: MDWO2008602
- Added to Site: 869 day(s) ago
Business
- Business Type: Restaurant/Bar
Interior
- Flooring: Ceramic Tile, Concrete
Rooms
Bathrooms
- Restrooms: 2
Parking
- Total Spaces: 15
- Parking Features: Paved Parking, Handicap Parking
- Parking Type: Parking Lot
Location
- Area: Ocean Block (82)
- Municipality: OCEAN CITY
- County: Worcester
- Development Name: None Available
- Subdivision: None Available
- Building Name: NONE AVAILABLE
- Driving Directions: From Coastal Hwy. Turn East At 116th St.
- City Limits: Yes
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Heat Pump - Electric BackUp
- Heating Fuel: Electric
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Metal Siding, Stick Built
- Foundation: Slab
- Roof: Other
- Ceiling Height: 8' to 10'
- Stories/Levels: 0
- Year Built: 1973
- Year Built Source: Estimated
Unit Information
- # Tenants: Single
Lot Features
- Street/Road Desc.: US Highway/Interstate
- Zoning: R-3
Financial Considerations
- Price Per Sq. Ft.: $263.16
- City/TownTax: $3,250
- City/TownTax Freq: Annually
- County Tax: $6,021
- County Tax Freq: Annually
- Tax w/Assessment: $712,500
- Tax Amount: $10,068
- Tax Year: 2021
Disclosures and Reports
- Ownership: Condominium
- Inclusions: Restaurant Equipment
Listed and Sold by Coastal Life Realty Group, Ann E. Holtz
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Schools
Schools serving 11604 Coastal Hwy #101
School District:Worcester County Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
12828 Center Dr, Ocean City, MD 21842 | PK-4 | 5.9 mi | |
309 Franklin Ave, Berlin, MD 21811 | PK-4 | 10.5 mi | |
9815 Seahawk Rd, Berlin, MD 21811 | 7-8 | 9.3 mi | |
9913 Seahawk Rd, Berlin, MD 21811 | 9-12 | 9.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 11604 Coastal Hwy #101
Date
Details
Price
Change
Source
9/23/2022
Sold
$700,000
-6.67%
MLS
6/15/2022
Listed
$750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
11604 Coastal Highway #101, Ocean City, MD 21842 (MLS# MDWO2008602) is a Business property that was sold at $700,000 on September 23, 2022. Want to learn more about 11604 Coastal Highway #101? Do you have questions about finding other Business real estate for sale in Ocean City? You can browse all Ocean City real estate or contact a Coldwell Banker agent to request more information.