1706 & 1708 Philadelphia Avenue Ocean City, MD $ 5,900,000
1706 & 1708 Philadelphia Avenue
$ 5,900,000
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1706 & 1708 Philadelphia Avenue

Ocean City, MD, 21842
$ 5,900,000
Bedrooms-- Baths-- Sq 12,211

Monthly Estimate*

$ 37,253

1706 & 1708 Philadelphia Avenue, Ocean City, MD 21842 - Image 1

Commercial Property for sale in Ocean City, MD

for $5,900,000. This 12,211 square foot building was built in 1980 on a lot size of 0.8.

A piece of Ocean City history is back on the market! Here's your chance to own and reimagine an iconic space - home of the Paddock Night Club. Sprawling an entire city block, totaling almost an acre of commercially zoned property right on Coastal Hwy! There are not many places that offer the same space and opportunity, and definitely none that have the history of this building. Plans are in-hand for a full conversion if desired. Call today to schedule a private tour!

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Commercial Active

Price

$ 5,900,000

Property Type

Commercial

Taxes

$ 43,110

Style

Restaurant/Bar

Lot Size

0.8

Year Built

1980

Town/City

Ocean City

County/Region

Worcester

MLS | Web ID

MDWO2039284

Features
Interior
Heating Fuel Electric
Flooring Hardwood Heavy Duty Laminated Partially Carpeted
Hot Water Electric
Heating Y/N Y
Central Air Y/N Y
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General
Sewer Public Sewer
Heating Central
Cooling Central A/C
Utilities Cable TV Available Electric Available Natural Gas Available
Possession Coin w/Sell Sett
Roof Metal Built-Up
Zoning LC-1
Security Features 24 hour security Monitored
Construction Materials Frame Metal Siding Mixed Stick Built
Year Built 1980
Electric 150 Amps
Property Subtype Mixed Use
Tax Year 2026
Ownership Fee Simple
Cool Fuel Electric
Municipality Ocean City
Business Type Restaurant/Bar
Accessibility None
County WORCESTER
New Construction N
Property Type Commercial Sale
Possible Use Bar/Tavern/Lounge Beer/Wine/Liquor Commercial Development Flex Space Food Market Hotel/Motel Liquor Store Professional Service Shopping Center
Water Access Y/N N
Status ACTIVE
Directions GPS: Entire block between 17th St & 18th St.
City OCEAN CITY
Number Of Units Total 2
MLS Area Ocean Block (82)
Lot Size Units Square Feet
Lot Size Square Feet 34700.00
Tax Annual Amount 43110.0
Price Per Sq Ft Total AG 483.17
Acceptable Financing Cash Conventional
Vacation Rental Y/N N
Location Type Corner Lot/Unit
Standard Status Active
Year Built Source Estimated
Legal Subdivision SHUTE C E PROP
Tax Lot 1 2 3 4 7 16 5 6
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Exterior
Parking Features Paved Parking
Lot Features Cleared Corner
Water Source Public
Type of Parking Parking Lot
Foundation Details Block
Water View Y/N N
Building Area Total 12211.00
Lot Size Acres 0.80
Road Surface Type Black Top
Lot Size Source Estimated
Waterfront Y/N N
Road Responsibility City/County
Land Assessed Value 3013300.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 1706
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* Excluded Features
List By
Coldwell Banker Realty

Broker

peck@peckmiller.com

Email

Affordability Calculator

$40,846
Per Month
91%
9%
0%
Monthly Principal & Interest
$37,253
Monthly Property Taxes
$3,593
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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! What's my home worth?
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/22/2026$5,900,000 Listed Price

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1706 & 1708 Philadelphia Avenue, Ocean City, MD, 21842 is a Commercial Property for sale at $5,900,000 with 12,211 sqft and a lot size of 0.8. 1706 & 1708 Philadelphia Avenue was built in 1980. The property's zip code is 21842 which is in Ocean City, MD