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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.
| DAYS ON MARKET | 56 | LAST UPDATED | 9/20/2024 |
|---|---|---|---|
| YEAR BUILT | 1954 | COMMUNITY | Ocean Block (82) |
| COUNTY | WORCESTER | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Sep 20, '24 | $5,695,000 |
|---|---|
| Sep 20, '24 - Today | $5,495,000 |
| ADDITIONAL DETAILS | |
| APPLIANCES | Electric Water Heater |
|---|---|
| AREA | Ocean Block (82) |
| HEAT | Electric |
| LOT | 0.81 acre(s) |
| LOT DESCRIPTION | Cleared, Corner Lot |
| LOT DIMENSIONS | 0.00 x 0.00 |
| SEWER | Public Sewer |
| TAXES | 32139 |
| UTILITIES | Cable Available, Natural Gas Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Street |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
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Listing provided by Coldwell Banker/Bud Church Rea
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