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Key Details
Sold Price $7,250,000
Property Type Commercial
Sub Type Land for Commercial Use
Listing Status Sold
Purchase Type For Sale
Square Footage 21,892 sqft
Price per Sqft $331
Subdivision Caine Woods
MLS Listing ID MDWO2000376
Sold Date 07/15/22
HOA Y/N N
Originating Board BRIGHT
Year Built 1971
Annual Tax Amount $71,871
Tax Year 2022
Lot Size 2.373 Acres
Acres 2.37
Lot Dimensions 300 x350
Property Description
We are proud to offer for sale the Sun & Surf Cinema property - a developers dream - located on the Coastal Highway at 143rd Street in Ocean City, Maryland. Built in 1971, and expanded in 1975 and 1983, the 8-screen movie theater underwent an extensive renovation in 2015, highlighted by the installation of 712 luxury recliners. On the development side, the commercially zoned site consists of 2.37 acres, with 300 feet of frontage on Coastal Highway. The movie theater building is approximately 23,734 sq. ft. Given the propertys size and its key location, the opportunities for redevelopment are many. Please note that this is an operating movie theater and all showings are by appointment only and must be accompanied by the listing agent. A recent survey is available upon request. Please call or email with any questions.
Location
State MD
County Worcester
Area Bayside Interior (83)
Zoning LC-1
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Flooring Ceramic Tile, Carpet
Equipment Negotiable
Heat Source Electric
Exterior
Garage Spaces 200.0
Utilities Available Cable TV Available, Electric Available, Natural Gas Available
Waterfront N
Water Access N
Roof Type Built-Up
Street Surface Black Top,Paved,US Highway/Interstate
Accessibility None
Road Frontage City/County
Total Parking Spaces 200
Garage N
Building
Lot Description Road Frontage
Foundation Concrete Perimeter, Slab
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Ocean City
Middle Schools Stephen Decatur
High Schools Stephen Decatur
School District Worcester County Public Schools
Others
Tax ID 10-175747
Ownership Fee Simple
SqFt Source Assessor
Security Features Carbon Monoxide Detector(s),Main Entrance Lock
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
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Bought with Walter D. Taraila • Keller Williams Realty
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