1507 Atlantic Ave, Ocean City, MD 21842

Choose nearby businesses to show on the map:

Building Details:

• Year Built: 1956

Prime investment/redevelopment on Ocean City, Maryland's famous boardwalk. Just steps from white sandy beaches and the Atlantic Ocean. Currently this ocean front parcel is the largest available on Ocean City's boardwalk. The property comprises of three sites. Location 1: the ocean front building with a 91 room hotel, managers apartment, 4 store fronts, and a full service restaurant/bar. Location 2: the ocean block parcel that includes 5 buildings. First building has 4 apartments. Second building has 2 apartments. Third and fourth each have 6 apartments. Fifth building has one apartment. Finally, location 3, also considered Ocean Block, is auxiliary parking for the hotel.
This 3 property portfolio is a great representation of valuable ocean front property located strategically on Ocean City, Maryland's Boardwalk. Respecting current market conditions, these properties can all be obtained at prices that will surely represent exceptional future values when market conditions stabilize again. As is generally discussed, forward thinking investors have a wonderful opportunity to capitalize on future values by purchasing this Ocean Front Portfolio now.