RARE OPPORTUNITY in Downtown Ocean City -- Located in Zone: MIXED USE This is a unique opportunity for tear down & build in one of the very best commercial areas in Ocean City. A 5,500+ square foot parcel with a building awaiting demolition -- at the prime location of Route 50 and Philadelphia Avenue. This area of town is continuing to expand and improve commercially and culturally. One of the recent significant improvements includes the construction finalization of the Cambria Hotel just blocks away, which is sure to bring additional multitudes of vacationing clientele. These hotel guests, along with many other vacationers throughout, will provide for extensive "foot traffic" to businesses in the immediate area. Property is located within a unique zoning profile -- "Downtown Mixed Use" (DMX). Ocean City's zoning website describes DMX: "The purpose of this district is to create a mixed use, pedestrian-oriented area that encourages development and redevelopment characteristic of the oldest part of Ocean City. The area will allow for commercial and personal services that meet the daily needs of residents and visitors as well as sufficient public open space that encourages pedestrian circulation throughout the entire district. Special design and development criteria with high-density residential development are appropriate for this district." The entire section of the DMX unicode is included in the documents as a PDF. To repeat, the building currently on the property must be torn down (see information at the end of this section) Plans for a four-unit townhouse on this property have been prepared by a professional architect; permits have not been issued, but thus far Ocean City has been working with the current owner and designer. These plans are available, though a wide range of enterprises would find success at this exceptional location, as indicated by the types of businesses enumerated in the DMX zoning information. SELLER HAS A COMPLIANCE ORDER FROM THE TOWN OF OCEAN CITY. As such we are required to post this/ Actual notice will be provided upon request: 107.6Transfer of ownership. It shall be unlawful for the owner of any dwelling unit or structure who has received a compliance order or upon whom a notice of violation has been served to sell, transfer, mortgage, lease or otherwise dispose of such dwelling unit or structure to another until the provisions of the compliance order or notice of violation have been complied with, or until such owner or the owner?s authorized agent shall first furnish the grantee, transferee, mortgagee or lessee a true copy of any compliance order or notice of violation issued by the code official and shall furnish to the code official a signed and notarized statement from the grantee, transferee, mortgagee or lessee, acknowledging the receipt of such compliance order or notice of violation and fully accepting the responsibility without condition for making the corrections or repairs required by such compliance order or notice of violation.

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Listed by Alexander Piela of Berkshire Hathaway HomeServices PenFed Realty

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