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1215 Philadelphia Avenue Ocean City, MD $ 1,900,000
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1215 Philadelphia Avenue
$ 1,900,000
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1215 Philadelphia Avenue

Ocean City, MD, 21842
$ 1,900,000
Bedrooms-- Baths-- Sq 2,940

Monthly Estimate*

$ 11,699

1215 Philadelphia Avenue, Ocean City, MD 21842 - Image 1
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1215 Philadelphia Avenue, Ocean City, MD 21842 - Image 10
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Commercial Property for sale in Ocean City, MD

for $1,900,000. This 2,940 square foot building was built in 1969 on a lot size of 0.17.

"Rare Downtown Ocean City Hospitality Compound " Investors you'll love the scalability, multiple income streams and operational flexibility * Located in the heart of downtown Ocean City * This unique hospitality investment opportunity features three separate buildings offering multiple income streams, exceptional guest amenities and prime redevelopment potential in one of the East Coast's most desirable beach destinations * The main building operates as a motel positioned in a highly sought-after downtown location just moments, 1.5 blocks , from the beach, boardwalk, restaurants, nightlife and entertainment. Attached to the main structure is an amenity-focused building featuring a pool, tiki bar and dedicated parking area creating a resort-style atmosphere for guests and visitors alike * The West building includes six additional units along with supplemental parking offering expanded lodging capacity and operational flexibility for short term, seasonal, employee housing or boutique concepts.

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Commercial Active

Price

$ 1,900,000

Property Type

Commercial

Taxes

$ 6,785

Style

Apartment Building,Bed and Breakfast,Hotel/Motel

Lot Size

0.17

Year Built

1969

Town/City

Ocean City

County/Region

Worcester

MLS | Web ID

MDWO2038408
Features
Interior
Heating Fuel Electric
Hot Water Electric
Heating Y/N Y
Central Air Y/N N
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General
Sewer Public Sewer
Heating Forced Air
Cooling Wall Unit Window Unit(s)
Utilities Cable TV Available Electric Available Natural Gas Available Phone Available Sewer Available Water Available
Possession Negotiable
Zoning R-2
Construction Materials Block Wood Siding Other
Year Built 1969
Property Subtype Five Or More Units
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Municipality Ocean City
Business Type Apartment Building Bed and Breakfast Hotel/Motel
Accessibility Other
County WORCESTER
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions From Route 50 East Left Baltimore Ave Left 12th street Right Philadelphia Ave to (Corner of 13th Street and Philadelphia Ave West side)
City OCEAN CITY
Number Of Units Total 1
MLS Area Bayside Interior (83)
Lot Size Units Square Feet
Lot Size Square Feet 7200.00
Tax Annual Amount 6785.0
Property Condition Good
Price Per Sq Ft Total AG 646.26
Vacation Rental Y/N N
Location Type Corner Lot/Unit
Standard Status Active
Year Built Source Assessor
Legal Subdivision SINEPUXENT BEACH CO
Tax Lot 15A
Association Recreation Fee N
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Exterior
Parking Features Paved Parking
Water Source Public
Type of Parking Parking Lot
Water View Y/N N
Building Area Total 2940.00
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.17
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 0.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 1215
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* Excluded Features
List By
Sea Grace @ North Beach Realtors

Broker

grace@northbeachrealtors.com

Email

Affordability Calculator

$12,264
Per Month
95%
5%
0%
Monthly Principal & Interest
$11,699
Monthly Property Taxes
$565
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
5/8/2026$1,900,000 Listed Price

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1215 Philadelphia Avenue, Ocean City, MD, 21842 is a Commercial Property for sale at $1,900,000 with 2,940 sqft and a lot size of 0.17. 1215 Philadelphia Avenue was built in 1969. The property's zip code is 21842 which is in Ocean City, MD

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