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706 Philadelphia Ave, Ocean City, MD 21842

$5,299,000

  • For Sale
  • Active
  • Commercial
706 Philadelphia Ave, Ocean City, MD 21842View this property at 706 Philadelphia Ave, Ocean City, MD 21842
706 Philadelphia AveOcean CityMD21842

Property Description

One of Ocean Cities best known locally owned land mark shopping centers, Midway Shopping Center. Sale includes parcels 4092, 4093, 4094, 4096, & 3829. Land area is 56,300 sq. ft. of mainly commercially zoned lots. Shopping center is fully leased. Tenants include: Pittsburg Paints, Restaurant Equipment Sales, Midway Market, Pizza Mambo's, Laundry Mat, Pickles Pub, Liquor Store, Office Space. Properties also include as mentioned above: 3 - 2 Bedroom, 1 Bath apartments rented weekly/year round. Call listing agent for all showings. Income available to per-qualified purchasers.

Full Property Detailsfor 706 Philadelphia Ave

General

  • Price: $5,299,000
  • Status: Active
  • Type: Commercial
  • MLS ID: 506101
  • Updated: 9/26/2017
  • Added: 593 day(s) ago

Property History

  • 706 Philadelphia Ave, Ocean City, MD
  • Reduced to $5,299,000 on 3/3/17
  • Listed at $5,800,000 on 9/7/16

Business

  • Name: Miday Shopping Cente

Additional Information

  • Pool Description: None

Location

  • Area: Worcester East of 113
  • County: Worcester
  • Subdivision: N/A

Utilities

  • Water/Sewer: Public Central Sewer, Public Central Water

Structural Information

  • Description/Design: Strip Center
  • Exterior Const.: Concrete Block
  • Basement Desc.: None
  • Foundation: Concrete Block
  • Roof: Built-Up
  • Stories in Building: 2
  • Square Feet: 27,740
  • Year Built: 1950

Lot Features

  • Lot Size (Acres): 1.25
  • Lot Size (Sq. Ft.): 56,300
  • Lot Dimensions: 200 x 250
  • Hwy Frontage: 207
  • Zoning: B1
  • Lot Description: Cleared

Water Features

  • Dock Description: None

Financial Considerations

  • Annual Water Fee: $14,200
  • Annual Sewer Fee: $10,081
  • County Tax: $33,350
  • Tenant Pays: Cable, Electric, Heat, Insurance, Trash
  • Tenant Expense: Utilities

Disclosures and Reports

  • Legal Description: PT LOTS 1 2 BLK 21N LOTS 3 4 BLK 21N PL SINEPUXENT BCH
  • APN: 4093
  • Block: 21N
  • Lot: 1

Listed by Coldwell Banker/Bud Church Rea, Ken Church

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Schools

Schoolsserving 706 Philadelphia Ave

School District:Worcester County Public Schools
School Name
Grades
Distance
Ocean City Elementary School
12828 Center Dr, Ocean City, MD 21842
PK-4
1.4 mi
Berlin Intermediate School
309 Franklin Ave, Berlin, MD 21811
4-6
7 mi
Stephen Decatur Middle School, Berlin, MD
9815 Seahawk Rd, Berlin, MD 21811
7-8
5.8 mi
Stephen Decatur High School
9913 Seahawk Rd, Berlin, MD 21811
9-12
5.8 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

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Community Info

Community Infofor 706 Philadelphia Ave

Listed by Coldwell Banker/Bud Church Rea, Ken Church

706 Philadelphia Ave, Ocean City, MD 21842 (MLS# 506101) is a Commercial property. 706 Philadelphia Ave is currently listed for $5,299,000 and was received on September 07, 2016. Want to learn more about 706 Philadelphia Ave? Do you have questions about finding other Commercial 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.