12304 Coastal Highway

    OCEAN CITY, MD 21842
    • $749,900
    • STATUS: Active
    • ON SITE: 110 days
    • ID#: 1002121808
    UPDATED: 44 min ago
    $749,900
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,912
      SQFT
    • $258
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    RARE OCEANBLOCK OPPORTUNITY on 123rg St North OCMD w/ 4-Unit Building each w/ 2 Bedrooms, 2 Bathrooms. (2x) 5,000 Sqft Lots. Combined 100'x100' lot. NO CONDO FEES.*REDEVELOPMENT OPTIONS: OPTION 1: Keep existing 4 Unit Building w/ (4x) 2 Bedroom/1 Bathroom Units, Total of 2,900+ Sqft, and Build (3x) Additional Units or (3x) Townhouses on Vacate 5,000 Sqft lot. OPTION 2: Remove Existing Building and Build (6x) Units w/ possible (6x) 3 Bedrooms; or (6x) Townhouses. Buy two TDR~s (sold separately) and 7th Unit or 7th Townhouse possible. OPTION 3: Remove existing building and build up to (20x) Hotel/Motel Rooms Property Sold at $38,750 Per Hotel/Motel Room. OPTION 4: Office Space w/ Mix Use for Condo, Townhouse, or Hotel/Motel Options.Taxes at $994.70 per month. MD ASSESSED TAXABLE PROPERTY VALUE AT $845,000. Pre-Engineer Inspected and Report available! *Buyer to verify redevelopment opportunities with OC Planning and Zoning. 3D Rendered Floor Plan is for visual purposes only.

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    ©2018 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2018-11-17T15:57:44.823.
    www.darthomes.com/homes/86068793

    12304 Coastal Highway OCEAN CITY, MD 21842

    • Price: $749,900
    • Status: Active
    • Updated: 44 min ago
    • ID#: 1002121808
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    2,912
    SQFT
    $258
    $/SQFT
    1960
    Built
    Neighborhood:
    Ocean Block (82)
    County:
    Worcester
    Area:
    Ocean Block (82)
    Elementary School:
    Ocean City
    Middle School:
    Stephen Decatur
    High School:
    Stephen Decatur
    School District:
    Worcester County Public Schools
    Property Description
    RARE OCEANBLOCK OPPORTUNITY on 123rg St North OCMD w/ 4-Unit Building each w/ 2 Bedrooms, 2 Bathrooms. (2x) 5,000 Sqft Lots. Combined 100'x100' lot. NO CONDO FEES.*REDEVELOPMENT OPTIONS: OPTION 1: Keep existing 4 Unit Building w/ (4x) 2 Bedroom/1 Bathroom Units, Total of 2,900+ Sqft, and Build (3x) Additional Units or (3x) Townhouses on Vacate 5,000 Sqft lot. OPTION 2: Remove Existing Building and Build (6x) Units w/ possible (6x) 3 Bedrooms; or (6x) Townhouses. Buy two TDR~s (sold separately) and 7th Unit or 7th Townhouse possible. OPTION 3: Remove existing building and build up to (20x) Hotel/Motel Rooms Property Sold at $38,750 Per Hotel/Motel Room. OPTION 4: Office Space w/ Mix Use for Condo, Townhouse, or Hotel/Motel Options.Taxes at $994.70 per month. MD ASSESSED TAXABLE PROPERTY VALUE AT $845,000. Pre-Engineer Inspected and Report available! *Buyer to verify redevelopment opportunities with OC Planning and Zoning. 3D Rendered Floor Plan is for visual purposes only.
    Exterior Features

    Architectural Style Dwelling W/Separate Living Area Construction Materials Aluminum Siding Garage YN No Other Structures Above GradeBelow Grade Parking Types Parking Lot Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Below Grade Finished Area 0 Below Grade Unfinished Area 0 Building Area Total 2912.00 Cooling None Fireplaces Total 0 Heating None Living Area 2912 Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 4 Units Furnished None

    Property Features

    Acceptable Financing ConventionalCash Accessibility Features None Assessment Year 2017 Association YN No Building Name None Available Central Air YN No Construction Completed YN No Cooling Fuel None Electric Other Elevators 0 Front Foot Fee 0.00 Heating Fuel Electric Historic YN No Hot Water Electric Incorporated City Name Ocean City Navigable Water YN N New Construction YN No Number Of Units Leased 0 Number Of Units Total 4 Number Of Units Vacant 4 Original MLSNumber 300481379403 Ownership Interest Fee Simple Possession Negotiable Property Sub Type Quadruplex Sale Type Standard Sewer Public Sewer Structure Design Type Other Tax Annual Amount 11936.47 Tax Assessment Amount 971200.0 Tax Lot 5966A Vacation Rental YN No Water Source Public Zoning R-3A Zoning Description R-3A - Moderate Residential District

    Listing courtesy of Coldwell Banker Residential-120.
    ©2018 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2018-11-17T15:57:44.823.
     
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