7501 Coastal Highway Ocean City, MD $ 2,350,500
7501 Coastal Highway
$ 2,350,500
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7501 Coastal Highway

Ocean City, MD, 21842
$ 2,350,500
Baths0.0 Sq 9,624

Monthly Estimate*

$ 15,622

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Studio

Commercial Property for sale in Ocean City, MD

for $2,350,500. This 9,624 square foot building was built in 1960 on a lot size of 0.3.

Welcome to 7501 Coastal Hwy - The PERFECT place to build your business! With four levels of work space and 5800(+/-) sq ft, the possibilities are endless! Right off of Coastal Hwy in Midtown OC guarantees a ton of exposure, with prominent signage right on the strip and plenty of parking in a private, paved lot. Enter the office to find a bright entry that will make your customers feel right at home. With a beautiful fireplace and open space for seating and a large TV or projector, this space is both welcoming and functional. The first level comes equipped with SIX enclosed offices, a large room perfect for meetings or communal workspace, two bathrooms, and two separate areas for supply storage. Head downstairs to find a large, open room at ground floor level with access to the alley behind the building and garage storage. Head up a wide, modern staircase to find another large space perfect for conducting meetings or communal work. This space leads out to a balcony facing 75th St for another entry point or employee breaks. Head up to the third floor to find even more - another FIVE enclosed office spaces, common areas and a kitchen and breakroom. Listed separately, but available to accompany purchase, is 102 75th St - Consisting of two separate rental buildings, each containing two 3 BR, 1 BA units. All four rental units come with parking spaces for two cars. A great way to add income! Please contact listing agents for more information. Lease option is available for interested parties. Looks can be deceiving from the outside but you'll be amazed at the potential of this space! Come see it for yourself today!

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Commercial Active

Price

$ 2,350,500

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 18,271

Style

Apartment Building,Hair Salon and Spa,Professional

Lot Size

0.3

Year Built

1960

Town/City

Ocean City

County/Region

Worcester

MLS | Web ID

MDWO2011340

Features
Interior
Heating Fuel Electric
Hot Water Electric
Heating Y/N Y
Street Suffix HIGHWAY
Central Air Y/N N
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General
Sewer Public Sewer
Heating Other
Cooling Ductless/Mini-Split
Possession Coin w/Sell Sett
Roof Unknown
Zoning LC-1
Construction Materials Mixed
Year Built 1960
Property SubType Mixed Use
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality Ocean City
Business Type Apartment Building Hair Salon and Spa Professional
Accessibility 32 + wide Doors Other
County WORCESTER
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions Coastal Hwy to 7501 on the West Side
City OCEAN CITY
Buyer Agent Compensation 2
Total Units 1
MLS Area Bayside Interior (83)
Lot Size Square Feet 13075.00
Waterfront Y/N N
Street Name COASTAL
Tax Annual Amount 18271.0
Price Per Sq Ft 403.59
Acceptable Financing Cash Conventional
Historic Y/N N
Lease Considered Y/N N
Vacation Rental Y/N N
Days on Market 525
Standard Status Active
Year Built Source Assessor
Legal Subdivision Oceanbay City
Tax Lot 1
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee N
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Exterior
Water Source Public
Type of Parking Driveway Parking Lot
Water View Y/N N
Building Area Total 5824.00
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.30
Lot Size Units Square Feet
Lot Size Source Assessor
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 7501
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* Excluded Features
List By
Coldwell Banker Realty

Broker

peck@peckmiller.com

Email

Affordability Calculator

$17,145
Per Month
91%
9%
0%
Monthly Principal & Interest
$15,622
Monthly Property Taxes
$1,523
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/3/2024$2,350,500 -24.18% Price Down
1/31/2024$3,100,000 -8.69% Price Down
7/13/2023$3,395,000 -2.86% Price Down
11/24/2022$3,495,000 Listed Price

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7501 Coastal Highway, Ocean City, MD, 21842 is a Commercial Property for sale at $2,350,500 with 9,624 sqft and a lot size of 0.3. 7501 Coastal Highway is a studio with 0.0 baths and was built in 1960. The property's zip code is 21842 which is in Ocean City, MD