2001 Herring Way, Ocean City, MD 21842

$600,000
List Price
$600,000

Property 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 Fencing on the bulk headed waterfront has been replaced by owner and currently has 9+boat slips-4+ per lot- for use by the new buyers. 1 water/sewer hook ups at each the property.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.

Additional Information

Days on Market
8
Status
ACTIVE
MLS#
MDWO107578
Lot Size (Acres)
0.37
Year Built
1950
County
Worcester
Area
Bayside Waterfront (84)
Annual Tax Amount
$2,492
View
Canal, Bay
Heating
Other
Cooling
None
Utilities
Electric Available
Water
Public
Sewer
Public Sewer

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Berkshire Hathaway HomeServices PenFed Realty - OP.