MLS® ID: 1002121906

12304 COASTAL HIGHWAY

OCEAN CITY, Maryland, 21842

$749,900 Active
  • 8 Beds
  • 4 Baths
  • 2912 SQFT
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. Also Listed as Multi Family Listing MLS#1002121808
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Listing courtesy of Coldwell Banker Residential-120

Amenities

  • Full baths
    4
  • Half baths
    0
  • Full Baths Range
    4+ Baths
  • Total Baths
    4
  • Zip
    21842
  • Office name
    Coldwell Banker Residential-120
  • Subdivision
    NONE AVAILABLE
  • SQFT
    2912
  • Bedrooms
    8
  • Property type
    Single Family
  • Zoning type
    R-3A
  • Year built
    1960
  • Lot size
    0.23
  • Sewer
    Public Sewer
  • Heating
    None
  • Agent name
    Michael Nolen
  • Purchase Type
    Active
  • Price Range
    $700k-$800k
  • Square Feet Range
    2500-3000 sq ft.
  • Bedrooms Range
    8 Beds
  • Year Built Range
    1989 (and earlier)
  • Office ID
    345MWG
  • Agent ID
    3256393

Location

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