2001-lot 126 Herring Way
OCEAN CITY, MD 21842

Description

Great opportunity to own 1 or 2 lots-125 and 126 on the waterfront in Downtown Ocean City. 16,250 sq. ft. of LC1 commercial zoned property on Herring Way. This was part of the Islander Motel and the owner demolished the buildings and manicured the lot for easy redevelopment for new owners. Fencing on the bulk headed waterfront has been replaced by owner and currently has 9+boat slips-4+ per lot- for use by the new buyers. 1 water/sewer hook ups at each the property. Creative owner financing with approved credit with minimum down payment & possible deferred payments with a balloon payment due when negotiated. Lots can be sold separately at $600,000 each. Each lot has its own water and sewer connection. Call listing agents for details.

Details

MLS#MDWO107578
StyleIndustrial
Sub-TypeResale
StatusActive
Year1950
Days On Site8

Features

SQ Feet8,130
Story(s)0
ZoningLC1

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Area Information

StateMD
CityOCEAN CITY
Zip Code21842
AreaBayside Waterfront (84)
Listing VS Median (in 21842)
Price:
$600,000
low | high
Med:
$324,950
95.841666666667% of Average
SqFt:
8,130
low | high
Med:
1,886
100% of Average
$ / SqFt:
$74
low | high
Med:
$218
100% of Average
On Site:
8
low | high
Med:
195.5
4.092071611253% of Average
Listing Updated: 07/15/2019
MLS Number: MDWO107578
Listing Provided By:
Marlene Ott  of  Berkshire Hathaway HomeServices PenFed Realty - OP