Tremendous opportunity to own an existing family run 49 unit motel. Located only a few steps from our famous boardwalk, ocean and numerous attractions. The Cabana Motel has been up and running in Ocean City in excess of 50 years with many repeat customers. In addition, this could be one of your best opportunities for a massive redevelopment. 6 lots of commercial land, total sq footage of 35,400. The possibilities are endless. Call listing agent for all details and showings. Please note, there are several excluded buyers, before starting the process call listing agent to discuss.
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Listing Snapshot
Price
$5,195,000
Days On Site
122 Days
Bedrooms
N/A
Inside Area (SqFt)
12,996 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.81 Acres
Year Built
1954
MLS® Number
MDWO2022922
Status
Active
Property Tax
$32,139
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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Recent Activity
a week ago
Price changed to $5,195,000
a week ago
Listing updated with changes from the MLS®
4 months ago
Listing first seen on site
General Features
Acres
0.81
Parking Spaces
50
Property Sub Type
Unimproved Land
Sewer
Public Sewer
SqFt Total
12996
Utilities
Cable AvailableNatural Gas Available
Water Source
Public
Interior Features
Appliances
Electric Water Heater
Flooring
Concrete
Heating
Electric
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Exterior Features
Lot Features
ClearedCorner Lot
View
Street
Waterview
Street
Community Features
MLS Area
Ocean Block (82)
Listing courtesy of Coldwell Banker/Bud Church Rea
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