407 Philadelphia Ave #31, Ocean City, Md

$199,900

Price

299 sqft

Building Size

2007

Year Built

Overview
Building Size
299 sqft
Year Built
2007
Price Per Sqft
$668.56
Zoning
LC-1
Description

INVESTOR ALERT! This well maintained coin laundromat is in the perfect downtown location with so much potential. The space was recently updated with new flooring. The building has 6 washers and 7 dryers all recently cleaned and serviced by Easco Laundry Systems. The laundromat also Includes a 4 camera security system, a bill to coin machine, and a coin laundry detergent dispenser. Annual income ranges between $12k-$16k annually. Its current use is a laundromat, but there is an opportunity to convert it into an efficiency with great rental potential. Complete with one parking space and access to the Parrot Bay Community Pool. Only 2 blocks from the beach and boardwalk! Do not miss out on this unique opportunity!

Highlights
  • Days on Market: 83
  • Heating: Baseboard - Electric

Location
Gallery