100 Somerset St, Ocean City, MD 21842

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Building Details:

• Year Built: 1930

100 Somerset St is located in Ocean City, MD.

Great investment property! Hotel with 14 rooms, two apartments and 2381 square feet of retail space.

The property is located in the prime downtown location, in the historic part of Ocean City, Maryland. Specifically, located at the southernmost tip of the island, at the foot of Somerset plaza a gateway to Ocean City's famous 3 mile long boardwalk and 10 mile long beach.

The hotel contains 14 rooms and maids quarters. The apartment building has one three bedroom apartment and one four bedroom apartment. In addition, there is 1928 square feet of retail space with 390 square feet of storage located on the first floor of the hotel.

Currently the building is being used as a boarding house for international students that work in the resorts businesses for the summer. Retail space has been used as an NFL Store and Beach Supply Shop. Redevelopment is possible into 8 condominium units and replacement of existing retail store space. Many other uses are possible including bed and breakfast.

Ocean City is centrally located on the eastern seaboard of the United States, a tourist destination approximately three hours drive from Washington D.C., Baltimore, and Philadelphia and five hours drive from New York City. Ocean City has many attractions that attract 8 million visitors annually such as amusement parks, 3 mile long boardwalk and 10 mile white sandy beach with wide variety of water sports including swimming, water skiing, diving, jet skiing, parasailing, canoeing, kayaking, etc. Tourists also enjoy biking, running, hiking and skydiving. All within walking distance of this property. In addition, Ocean City is loved by fishermen as Ocean City claimed the title of "White Marlin Capital of the World." Not to forget, Ocean City offers 15 world class golf courses within a short drive from the downtown area.

Modern hotels and deluxe condominiums are now a part of the landscape, but what draws visitors to our shore all year long has not changed. Small hotels still proudly reflect the strong heritage of the early pioneers of this town. For decades this was the hub of the resort. This classic property has a fantastic potential. Call today for prospectus.