206 N Division Street, Ocean City, MD 21842

$570,000
List Price
$570,000
Days on Market
10
Status
ACTIVE
MLS#
MDWO115640
Lot Size (Acres)
0.13
County
Worcester

Property Description

RARE OPPORTUNITY in Downtown Ocean City -- Located in Zone: MIXED USE This is a unique opportunity for tear down & build in one of the very best commercial areas in Ocean City. A 5,500+ square foot parcel with a building awaiting demolition -- at the prime location of Route 50 and Philadelphia Avenue. This area of town is continuing to expand and improve commercially and culturally. One of the recent significant improvements includes the construction finalization of the Cambria Hotel just blocks away, which is sure to bring additional multitudes of vacationing clientele. These hotel guests, along with many other vacationers throughout, will provide for extensive "foot traffic" to businesses in the immediate area. Property is located within a unique zoning profile -- "Downtown Mixed Use" (DMX). Ocean City's zoning website describes DMX: "The purpose of this district is to create a mixed use, pedestrian-oriented area that encourages development and redevelopment characteristic of the oldest part of Ocean City. The area will allow for commercial and personal services that meet the daily needs of residents and visitors as well as sufficient public open space that encourages pedestrian circulation throughout the entire district. Special design and development criteria with high-density residential development are appropriate for this district." The entire section of the DMX unicode is included in the documents as a PDF. Plans for a four-unit townhouse on this property have been prepared by a professional architect; permits have not been issued, but thus far Ocean City has been working with the current owner and designer. These plans are available, though a wide range of enterprises would find success at this exceptional location, as indicated by the types of businesses enumerated in the DMX zoning information.

Additional Information

Area
Bayside Interior (83)
Annual Tax Amount
$5,353
Ownership Interest
Fee Simple
Water
Public
Sewer
Public Sewer

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Calculator source: Real Geeks

Listing courtesy of Berkshire Hathaway HomeServices PenFed Realty.