• The Woodlands - 1135 Ocean Parkway, Ocean Pines, MD 21811

For Sale

Office

For Sale

This property is available for sale
1.19
Acres
$4,950,000
Sale Price
  • Year Built
    2007 (Renovated 2007)
  • Overview

    The Woodlands is a compelling new multifamily investment opportunity along Maryland's Eastern Shore. It is a 3-building, 55+ senior living community within the greater resort community of Ocean Pines. There are 35 condominium units for sale in a  52 unit condominium building.

    Located on Marylands Eastern Shore
    Selling 35 units
    50 parking spaces
    Residents have access to the Ocean Pines Community amenities
    Amenities include an 18-hole golf course, 2 marinas, 5 swimming pools, a yacht club, country club
    Additional amenities include tennis club, hiking & walking trails, beach access with private parking
    Ideal location to support a successfuly seniors housing development
    There are 1 and 2 bedroom units (700 sf & 1200 sf)
    9.2% Cap Rate
    98% occupancy

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Property Details

The Woodlands is a compelling new multifamily investment opportunity along Maryland's Eastern Shore. It is a 3-building, 55+ senior living community within the greater resort community of Ocean Pines. There are 35 condominium units for sale in a  52 unit condominium building.

Located on Marylands Eastern Shore
Selling 35 units
50 parking spaces
Residents have access to the Ocean Pines Community amenities
Amenities include an 18-hole golf course, 2 marinas, 5 swimming pools, a yacht club, country club
Additional amenities include tennis club, hiking & walking trails, beach access with private parking
Ideal location to support a successfuly seniors housing development
There are 1 and 2 bedroom units (700 sf & 1200 sf)
9.2% Cap Rate
98% occupancy

  • Property Type
    Office
  • Year Built
    2007Renovated 2007
  • Sale Price
    $4,950,000
  • Total Acres
    1.19
  • Cap Rate
    9.0%
  • Number of Floors
    3
  • Zoning
    R-3 Multi-Family Residential/Special Exception
  • Property ID
    1514983

Landlord's Sales Representative

  • Bob Gaines
    Colliers | Philadelphia