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    801 Philadelphia Ave Ocean City, MD 21842

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    For Sale
    $2,900,000

    Income-producing property near the Boardwalk and beach in Ocean City.

    Lot size:
    0.11 Acres

    Property Features for 801 Philadelphia Ave

    General Information

    Lot size
    0.11 Acres

    Building Details

    Year built
    1955

    Source: Coldwell Banker Realty Agent Shawn Kotwica

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ocean Lodge Hotel For Sale

    The Ocean Lodge Hotel South is an income-producing property located in Ocean City, one block from the Boardwalk and beach. This property is suitable for hotel operators, short-term rental investors, or developers seeking a downtown location.
    Insight Report Location Intelligence

    Current Use by Public Records

    Ocean Lodge Hotel Hotel

    Suggested Use

    Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Restaurant Auto Repair Shop Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ocean City
    County
    Worcester
    State
    Maryland
    Longitude
    -75.0834138
    Latitude
    38.3396459

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    FAQs

    What type of property is this?
    Hotel - Income-producing property near the Boardwalk and beach in Ocean City.
    Where is this hotel located?
    The property is located at 801 Philadelphia Ave Ocean City, MD.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: - Premier downtown footprint.; - Prime location: One block from the Boardwalk and beach.; - Income-producing property.
    (724) 840-0572
    Request Owner's contact information
    801 Philadelphia Ave Ocean City, MD 21842
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    Ocean City, MD 21842
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    801 Philadelphia Ave Ocean City, MD 21842
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