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Pier 23 12820 Harbor Rd 16 Unit Apartment Building $9,040,086 CAD ($565,005 CAD/Unit) Ocean City, MD 21842
Investment Highlights
- Unique Deepwater Fronting Location w/ 11 Boat Slips
- Income from Apartmenet Building
- Fully Equipped Restaurant
Executive Summary
Great investment opportunity located on Harbor Road in West Ocean City. Four parcels to include Pier 23 Restaurant, Apartment Building and Parking Lot direclty across the street. Total of 1.6 Acres.
Property Facts
| Price | $9,040,086 CAD | Building Class | C |
| Price Per Unit | $565,005 CAD | Lot Size | 0.91 AC |
| Sale Type | Investment | Building Size | 9,102 SF |
| No. Units | 16 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1967 |
| Apartment Style | Low-Rise | Parking Ratio | 7/1,000 SF |
| Zoning | C-2 - CM & C2 Zoning | ||
| Price | $9,040,086 CAD |
| Price Per Unit | $565,005 CAD |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.91 AC |
| Building Size | 9,102 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 1967 |
| Parking Ratio | 7/1,000 SF |
| Zoning | C-2 - CM & C2 Zoning |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 10-013909 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,230,984 CAD |
Property Taxes
Parcel Number
10-013909
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,230,984 CAD
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Pier 23 | 12820 Harbor Rd
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