Bought with Ken Church • Coldwell Banker/Bud Church Rea
$525,000
$835,000
37.1%For more information regarding the value of a property, please contact us for a free consultation.
707 WILMINGTON LN Ocean City, MD 21842
4,586 Sqft Lot
Key Details
Sold Price $525,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID MDWO2032066
Sold Date 09/15/25
Year Built 1930
Available Date 2025-09-17
Annual Tax Amount $6,491
Tax Year 2024
Lot Size 4,586 Sqft
Acres 0.11
Lot Dimensions 0.00 x 0.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Prime Investment Opportunity – 7-Unit Multifamily Property in Downtown Ocean City. This apartment building contains 4 - efficiency units, 2 - one bedroom units , and 1 - three bedroom unit. Zoned LC-1 (Local Commercial District), the property allows for a variety of residential and commercial uses.
Location
State MD
County Worcester
Area Ocean Block (82)
Zoning LC-1
Interior
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling Window Unit(s)
Heat Source Electric
Exterior
Garage Spaces 4.0
Water Access N
Accessibility None
Total Parking Spaces 4
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Worcester County Public Schools
Others
Tax ID 2410033799
Ownership Fee Simple
Special Listing Condition Standard
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