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216 25Th Street Ocean City, MD $ 3,999,999
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$ 3,999,999 Get more info
216 25Th Street
$ 3,999,999
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216 25Th Street

Ocean City, MD, 21842
$ 3,999,999
Baths0.0 Sq 10,734

Monthly Estimate*

$ 26,585

216 25Th Street, Ocean City, MD 21842 - Image 1
216 25Th Street, Ocean City, MD 21842 - Image 2
216 25Th Street, Ocean City, MD 21842 - Image 3
216 25Th Street, Ocean City, MD 21842 - Image 4
216 25Th Street, Ocean City, MD 21842 - Image 5
216 25Th Street, Ocean City, MD 21842 - Image 6
216 25Th Street, Ocean City, MD 21842 - Image 7
216 25Th Street, Ocean City, MD 21842 - Image 8
Studio

Commercial Property for sale in Ocean City, MD

for $3,999,999. This 10,734 square foot building was built in 1965 on a lot size of 0.34.

Looking for a smart investment in a prime location? Look no further than the Spindrift Motel, a 33-room property on 25th Street Bayside, just a short walk from the Ocean City Boardwalk, the Atlantic Ocean, and many attractions. The Spindrift Motel offers spacious and comfortable accommodations, including 2-room apartments with kitchens, balconies, and canal views, as well as efficiencies and connecting rooms. The property also features 33 parking spaces, a lobby and office, a storage area, and a bulkhead on the canal that can dock up to 5 boats. Don't miss this opportunity to own a piece of Ocean City's hospitality industry.

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Commercial Active

Price

$ 3,999,999

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 16,790

Style

Hotel/Motel

Lot Size

0.34

Year Built

1965

Town/City

Ocean City

County/Region

Worcester

MLS | Web ID

MDWO2018634
Features
Interior
Heating Fuel Electric
Flooring Tile/Brick
Hot Water Natural Gas
Total Stories 3
Heating Y/N Y
Street Suffix STREET
Central Air Y/N N
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General
Sewer Public Sewer
Heating Wall Unit
Cooling Wall Unit
Possession Negotiable
Zoning R-2
Construction Materials Stucco
Year Built 1965
Electric 220 Volts
View Canal Street
Property SubType Other
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality OCEAN CITY
Business Type Hotel/Motel
Waterfront Features Private Dock Site
Building Name Spindrift
Accessibility Kitchen Mod 36 + wide Halls 32 + wide Doors
County WORCESTER
New Construction N
Property Type Commercial Sale
Water Access Y/N Y
Status ACTIVE
Directions 25th Street Bayside
City OCEAN CITY
Buyer Agent Compensation 1.5
Total Units 1
MLS Area Bayside Waterfront (84)
Lot Size Square Feet 15000.00
Waterfront Y/N Y
Street Name 25TH
Tax Annual Amount 16790.0
Price Per Sq Ft 372.65
Historic Y/N N
Vacation Rental Y/N N
Days on Market 89
Location Type Downtown
Standard Status Active
Year Built Source Assessor
Legal Subdivision BUNTING ELISHA V
Tax Lot 14
Buyer Agent Compensation Type % Of Gross
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Exterior
Parking Features Paved Parking Private Unassigned
Lot Features Bulkheaded Cleared
Water Source Public
Inclusions Furnished
Type of Parking Parking Lot
Foundation Details Block
Water View Y/N Y
Building Area Total 10734.00
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.34
Water Body Type Canal
Lot Size Units Square Feet
Lot Size Source Assessor
Water Access Features Boat - Powered
Road Responsibility Public
Number of Docks 0
Land Assessed Value 1800000.00
Navigable Water Y/N Y
Water Oriented Y/N Y
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Internal Only
Street Number 1 216
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* Excluded Features
List By
Keller Williams Realty

Broker

jenh@easternshorepropertyguide.com

Email

Affordability Calculator

$27,984
Per Month
95%
5%
0%
Monthly Principal & Interest
$26,585
Monthly Property Taxes
$1,399
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% 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
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/3/2024$3,999,999 Listed Price

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216 25Th Street, Ocean City, MD, 21842 is a Commercial Property for sale at $3,999,999 with 10,734 sqft and a lot size of 0.34. 216 25Th Street is a studio with 0.0 baths and was built in 1965. The property's zip code is 21842 which is in Ocean City, MD

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