Opportunity knocks! The home is in need of some work as you will see upon entering, but it has potential for many things. Situated on an oversized corner lot with water views from three sides, this property offers room to add 2+ levels, as zoning laws allow building up to 45 feet. Zoned R-3 for multi-family and residential. Approved variances are in hand, including a variance for a second and third floor cantilever, making expansion plans even more attainable. Variance for an auxiliary dwelling unit (ADU) also in hand. If necessary, the current owner is open to a joint venture to see the project through to the finish line. Ideal for an investor looking to make a profit or someone looking to build a primary residence, a vacation getaway, an investment opportunity—or all of the above!
Ocean City is located in Maryland. Ocean City, Maryland has a population of 6,869. Ocean City is less family-centric than the surrounding county with 10.11% of the households containing married families with children. The county average for households married with children is 22.21%.
The median household income in Ocean City, Maryland is $58,563. The median household income for the surrounding county is $71,262 compared to the national median of $69,021. The median age of people living in Ocean City is 56.2 years.
The average high temperature in July is 85.5 degrees, with an average low temperature in January of 28.2 degrees. The average rainfall is approximately 44 inches per year, with 8.3 inches of snow per year.
