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7605 Coastal Highway, Ocean City, MD 21842
$3,100,000
7605 Coastal Highway, Ocean City, MD 21842View this property at 7605 Coastal Highway, Ocean City, MD 21842
7605 Coastal HighwayOcean CityMD21842
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Property Description
Rare find. Commercial building, able to subdivide into multiple stores. Current building is owner occupied as 1- 8170 sq foot retail store. New owners can subdivide into multiple stores for retail, office, food service, laundry. The uses are unlimited. Plenty of parking. Great mid-town location. There are excluded buyers on this listing so call listing agent first. Great opportunity to own 8170 sq foot commercial location which sits on 20,875 sq ft of land.
Full Property Details
Full Property Details for 7605 Coastal Hwy
General
- Sold For: $3,100,000
- Taxes: $26,092 (2023)
- Status: Closed
- Type: Retail
- MLS ID: MDWO2016110
- Added to Site: 261 day(s) ago
Business
- Business Type: Other/General Retail
Interior
- Flooring: 3000+ PSI
Additional Information
- Security/Safety: 24 hour security, Electric Alarm, Monitored
Parking
- Total Spaces: 60
- Parking Features: Paved Parking
- Parking Type: Parking Lot, Driveway
Location
- Area: Bayside Interior (83)
- Municipality: Ocean City
- County: Worcester
- Driving Directions: Coastal Highway to 76th Street Bayside.
- Location Details: Corner Lot/Unit
- City Limits: Yes
School Information
- Elementary School: Ocean City
- Middle School: Stephen Decatur
- High School: Stephen Decatur
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electric Available, Cable TV Available, Natural Gas Available, Multiple Phone Lines
Structural Information
- Construction: Block
- Foundation: Block
- Roof: Built-Up
- Stories/Levels: 0
- Year Built: 1982
- Year Built Source: Assessor
- Property Condition: Very Good
Unit Information
- # Tenants: Single
Lot Features
- Property View: Street
- Lot Size (Acres): 0.48
- Lot Size (Sq. Ft.): 20,875
- Lot Size Source: Assessor
- Lot Dimensions: 0.00 x 0.00
- Street/Road Desc.: Black Top
- Lot Features: Cleared, Landscaping
- Zoning: LC-1
- Lot Description: Cleared, Landscaping
Financial Considerations
- Price Per Sq. Ft.: $488.98
- Assessment Year: 2023
- City/TownTax: $8,377
- City/TownTax Freq: Annually
- County Tax: $15,641
- County Tax Freq: Annually
- Tax w/Assessment: $1,851,000
- Tax Amount: $26,092
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Ownership: Fee Simple
- Lot Number: A
Listed and Sold by Coldwell Banker/Bud Church Rea, Ken Church
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Schools
Schools serving 7605 Coastal Hwy
School District:Worcester County Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
12828 Center Dr, Ocean City, MD 21842 | PK-4 | 4.2 mi | |
309 Franklin Ave, Berlin, MD 21811 | PK-4 | 9.3 mi | |
9815 Seahawk Rd, Berlin, MD 21811 | 7-8 | 8 mi | |
9913 Seahawk Rd, Berlin, MD 21811 | 9-12 | 7.9 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 7605 Coastal Hwy
Date
Details
Price
Change
Source
4/04/2024
Sold
$3,100,000
-22.4%
MLS
9/29/2023
Price Reduced
$3,995,000
-4.88%
MLS
8/30/2023
Listed
$4,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
7605 Coastal Highway, Ocean City, MD 21842 (MLS# MDWO2016110) is a Retail property that was sold at $3,100,000 on April 04, 2024. Want to learn more about 7605 Coastal Highway? 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.