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    206 N Division Street

    OCEAN CITY, MD 21842
    • $600,000
    • STATUS: Active
    • ON SITE: 451 Days
    • ID#: MDWO115640
    UPDATED: 57 min ago
    $600,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    ATTENTION: DEMO IS DONE! LOT IS NOW CLEARED! RARE OPPORTUNITY in Downtown Ocean City -- Located in Zone: MIXED USE This is a unique opportunity to build in one of the very best commercial areas in Ocean City. A 5,500+ square foot parcel at the prime location of Route 50 and Philadelphia Avenue. This area of town is continuing to expand and improve commercially and culturally. One of the recent significant improvements includes the construction finalization of the Cambria Hotel just blocks away, which is sure to bring additional multitudes of vacationing clientele. These hotel guests, along with many other vacationers throughout, will provide for extensive "foot traffic" to businesses in the immediate area. Property is located within a unique zoning profile -- "Downtown Mixed Use" (DMX). (See pictures for DMX map of Downtown) Ocean City's zoning website describes DMX: "The purpose of this district is to create a mixed use, pedestrian-oriented area that encourages development and redevelopment characteristic of the oldest part of Ocean City. The area will allow for commercial and personal services that meet the daily needs of residents and visitors as well as sufficient public open space that encourages pedestrian circulation throughout the entire district. Special design and development criteria with high-density residential development are appropriate for this district." The entire section of the DMX unicode is included in the documents as a PDF. Plans for a four-unit townhouse on this property have been prepared by a professional architect; permits have not been issued, but thus far Ocean City had been working with the current owner and designer. These plans are available, but a buyer does not have to use these plans. A wide range of enterprises would find success at this exceptional location, as indicated by the types of businesses enumerated in the DMX zoning information. The latest traffic count available is from 2016, and shows an "Annual Daily Average" of 30,000 cars past that location. Now, this is averaged out over 365 days, so of course in the winter that is a bit lower, but the busy months that number is much higher.

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    ©2021 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 accurate by the MLS or The Yellow Door Team | Douglas Realty. 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: 2021-10-26T19:51:00.167.
    www.yellowdoorteam.com/homes/108417729
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    206 N Division Street OCEAN CITY, MD 21842

    • Price: $600,000
    • Status: Active
    • Updated: 57 min ago
    • ID#: MDWO115640
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    Neighborhood:
    Bayside Interior (83)
    County:
    Worcester
    Area:
    Bayside Interior (83)
    School District:
    Worcester County Public Schools
    Property Description
    ATTENTION: DEMO IS DONE! LOT IS NOW CLEARED! RARE OPPORTUNITY in Downtown Ocean City -- Located in Zone: MIXED USE This is a unique opportunity to build in one of the very best commercial areas in Ocean City. A 5,500+ square foot parcel at the prime location of Route 50 and Philadelphia Avenue. This area of town is continuing to expand and improve commercially and culturally. One of the recent significant improvements includes the construction finalization of the Cambria Hotel just blocks away, which is sure to bring additional multitudes of vacationing clientele. These hotel guests, along with many other vacationers throughout, will provide for extensive "foot traffic" to businesses in the immediate area. Property is located within a unique zoning profile -- "Downtown Mixed Use" (DMX). (See pictures for DMX map of Downtown) Ocean City's zoning website describes DMX: "The purpose of this district is to create a mixed use, pedestrian-oriented area that encourages development and redevelopment characteristic of the oldest part of Ocean City. The area will allow for commercial and personal services that meet the daily needs of residents and visitors as well as sufficient public open space that encourages pedestrian circulation throughout the entire district. Special design and development criteria with high-density residential development are appropriate for this district." The entire section of the DMX unicode is included in the documents as a PDF. Plans for a four-unit townhouse on this property have been prepared by a professional architect; permits have not been issued, but thus far Ocean City had been working with the current owner and designer. These plans are available, but a buyer does not have to use these plans. A wide range of enterprises would find success at this exceptional location, as indicated by the types of businesses enumerated in the DMX zoning information. The latest traffic count available is from 2016, and shows an "Annual Daily Average" of 30,000 cars past that location. Now, this is averaged out over 365 days, so of course in the winter that is a bit lower, but the busy months that number is much higher.
    Exterior Features

    Garage YN No Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Property Features

    Acceptable Financing CashConventional Assessment Year 2021 Association YN No Building Permits Application Pending Central Air YN No Construction Completed YN No Current Use Land/Lot Only Federal Flood Zone YN Yes Municipality Ocean City Navigable Water YN N New Construction YN No Original MLSNumber 304229134584 Ownership Interest Fee Simple Possession Immediate Property Sub Type Land Sale Type Standard Sewer Public Sewer Tax Annual Amount 3923.00 Tax Assessment Amount 277600.00 Tax Lot 11 Transportation Airport Less Than 10 MilesBus Stop Less Than 1 Mile Vacation Rental YN No Water Source Public Zoning Dmx / Downtown Mixed Use Zoning Description Downtown Mixed Use. Special Zoning in Ocean City Allowing Both Residential And Various Commercial Use. See Docs For Pdf.

    Listing courtesy of Berkshire Hathaway Homeservices Penfed Realty.


    ©2021 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 accurate by the MLS or The Yellow Door Team | Douglas Realty. 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: 2021-10-26T19:51:00.167.
     
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