5908 Coastal Highway # 8A Ocean City, MD $ 3,700,000
5908 Coastal Highway # 8A
$ 3,700,000
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5908 Coastal Highway # 8A

Ocean City, MD, 21842
$ 3,700,000
Baths0.0 Sq 10,110

Monthly Estimate*

$ 25,846

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View a Virtual Tour
Studio

Commercial Property for sale in Ocean City, MD

for $3,700,000. This 10,110 square foot building was built in 2007.

An exceptional opportunity awaits savvy investors! Presenting a meticulously curated portfolio of five luxurious short-term rental units in the heart of Ocean City, MD. This portfolio offers both immediate revenue potential and long-term growth opportunities with a 15 year history of strong rental income and occupancy rates. Nestled in sought-after areas of Ocean City, moments away from beaches, entertainment, dining, and local attractions. These multi-level 4 bedroom/3.5 bathroom units are fully furnished and are able to accommodate large groups of up to 14 people per unit. Units come equipped with stainless steel appliances, granite countertops, a balcony in each bedroom, and enclosed garages that make them a must have for renters in the area. Some units offer breathtaking views of the ocean, providing guests with a memorable coastal experience. This turnkey portfolio is primed for continued success in the thriving short-term rental market of Ocean City. Whether you're an experienced investor seeking to expand your portfolio or a newcomer looking for a lucrative opportunity, this collection of properties promises both immediate returns and long-term appreciation potential.

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Commercial Active

Price

$ 3,700,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 6,982

Style

Year Built

2007

Town/City

Ocean City

County/Region

Worcester

MLS | Web ID

MDWO2018032

Features
Interior
Heating Fuel Electric
Hot Water Electric
Heating Y/N Y
Street Suffix HIGHWAY
Central Air Y/N Y
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General
Sewer Public Sewer
Heating Central
Cooling Central A/C Ceiling Fan(s)
Possession Negotiable Settlement
Zoning R
Construction Materials Other Vinyl Siding
Year Built 2007
Unit Number 8A
Property SubType Five Or More Units
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality Ocean City
Business Type Other
Accessibility None
County WORCESTER
New Construction N
Property Type Commercial Sale
Water Access Y/N Y
Status ACTIVE
Directions Please use GPS for directions.
City OCEAN CITY
Buyer Agent Compensation 0
Total Units 1
MLS Area Ocean Block (82)
Lot Size Square Feet 0.00
Waterfront Y/N N
Street Name COASTAL
Tax Annual Amount 6982.0
Property Condition Good
Price Per Sq Ft 1829.87
Lease Considered Y/N N
Vacation Rental Y/N N
Virtual Tour https://my.matterport.com/show/?m=UBppA2MoiM2
Days on Market 107
Standard Status Active
Year Built Source Assessor
Legal Subdivision PALM COAST CONDO
Tax Lot 8A
Cap Rate 7.20
Buyer Agent Compensation Type % Of Gross
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Exterior
Water Source Public
Type of Parking Private Garage
Water View Y/N N
Building Area Total 2022.00
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.00
Water Body Type Ocean
Lot Size Units Square Feet
Lot Size Source Estimated
Navigable Water Y/N Y
Water Oriented Y/N Y
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Internal Only
Street Number 1 5908
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* Excluded Features
List By
Redfin Corp

Broker

berna.kimber@redfin.com

Email

Affordability Calculator

$26,427
Per Month
98%
2%
0%
Monthly Principal & Interest
$25,846
Monthly Property Taxes
$582
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% 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
4/11/2024$3,700,000 -2.63% Price Down
12/20/2023$3,800,000 Listed Price

Map


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5908 Coastal Highway # 8A, Ocean City, MD, 21842 is a Commercial Property for sale at $3,700,000 with 10,110 sqft. 5908 Coastal Highway # 8A is a studio with 0.0 baths and was built in 2007. The property's zip code is 21842 which is in Ocean City, MD