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Key Details
Sold Price $10,500,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 41,000 sqft
Price per Sqft $256
MLS Listing ID MDWO2003572
Sold Date 03/28/22
Originating Board BRIGHT
Year Built 1925
Annual Tax Amount $14,688
Tax Year 2021
Lot Size 0.652 Acres
Acres 0.65
Lot Dimensions 0.00 x 0.00
Property Description
Historically Run family hotel that is located on 7th street and the Boardwalk. Amazing opportunity to run an existing hotel or purchase for re-development in future years. The Majestics main building consists of 52 rooms, amazing old school front porch, something Ocean City was built on. In addition the main building includes 2 retail stores with 1250/534 sq feet. The 2nd Oceanfront building contains 9 direct Ocean Front apartments all with individual ocean front porches. These apartments equal: 4-3br units, 4-4Br units and 1-1br unit. The Ocean Block building has 2-2br units and a coin operated laundry facility. In addition: the last building is approximately 3700 sq ft which consists of 2-3br units and a 1-2br unit. For developers. Call listing agent for Non conformity use. Call listing agent for all showings. Listing agent must accompany all showings.
Location
State MD
County Worcester
Area Direct Oceanfront (80)
Zoning BC-2
Interior
Hot Water Natural Gas
Heating Wall Unit
Cooling Multi Units, Wall Unit
Flooring Fully Carpeted, Hardwood, Tile/Brick, Wood
Equipment Negotiable
Heat Source Electric
Exterior
Garage Spaces 22.0
Utilities Available Cable TV
Waterfront Description Sandy Beach
Water Access N
View Ocean
Roof Type Architectural Shingle
Street Surface Black Top
Accessibility None
Road Frontage City/County
Total Parking Spaces 22
Garage N
Building
Lot Description Cleared, Corner, Landscaping, Poolside
Foundation Concrete Perimeter, Block
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Ocean City
Middle Schools Stephen Decatur
High Schools Stephen Decatur
School District Worcester County Public Schools
Others
Tax ID 2410033055
Ownership Fee Simple
SqFt Source Estimated
Security Features Carbon Monoxide Detector(s),Desk in Lobby,Fire Detection System,Monitored,Smoke Detector
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
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Bought with Ken Church • Coldwell Banker Bud Church Realty,Inc.
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