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706 Philadelphia Avenue, Ocean City, MD 21842

$5,299,000

  • For Sale
  • Active
  • Retail
706 Philadelphia Avenue, Ocean City, MD 21842View this property at 706 Philadelphia Avenue, Ocean City, MD 21842
706 Philadelphia AvenueOcean 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 Avenue

General

  • Price: $5,299,000
  • Status: Active
  • Type: Retail
  • MLS ID: 1001559818
  • Updated: 6/22/2018
  • Added: 654 day(s) ago

Business

  • Name: Miday Shopping Cente
  • Business Type: Shopping Center

Location

  • Area: Ocean Block (82)
  • County: Worcester
  • Development Name: None Available
  • Subdivision: None Available

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Water/Sewer: 24281

Structural Information

  • Architectural Info: Other
  • Construction: Concrete
  • Basement Desc.: None
  • Foundation: Block
  • Roof: Built-Up
  • Stories/Levels: 2
  • Sq. Ft. Source: Estimated
  • Year Built: 1950
  • Year Built Source: Estimated

Lot Features

  • Lot Size (Acres): 1.25
  • Lot Size (Sq. Ft.): 56,300
  • Lot Size Source: Estimated
  • Lot Dimensions: 200 x 250
  • Frontage Feet: 207
  • Street/Road Desc.: US Highway/Interstate
  • Lot Features: Cleared
  • Zoning: B1
  • Lot Description: Cleared

Financial Considerations

  • Price Per Sq. Ft.: $191.02
  • Tenant Pays: Utilities - All, Cable TV, Electricity, Heat, Insurance, Trash Removal

Disclosures and Reports

  • Ownership: Other
  • Lot: 1

Listed by Coldwell Banker/Bud Church Rea, Ken Church

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Schools

Schoolsserving 706 Philadelphia Avenue

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.

Price & Sales History

Price & Sales Historyfor 706 Philadelphia Avenue Get Price Alerts

Date
Details
Price
Change
Source
3/03/2017
Price Reduced
$5,299,000
-8.64%
MLS
9/07/2016
Listed
$5,800,000
MLS
Disclaimer: Historical sales and tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Community Info

Community Infofor 706 Philadelphia Avenue

Listed by Coldwell Banker/Bud Church Rea, Ken Church

706 Philadelphia Avenue, Ocean City, MD 21842 (MLS# 1001559818) is a Retail property. 706 Philadelphia Avenue is currently listed for $5,299,000 and was received on September 07, 2016. Want to learn more about 706 Philadelphia Avenue? Do you have questions about finding other Retail 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.