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    12614 Ocean Gateway Highway

    OCEAN CITY, MD 21842
    • $3,800,000
    • STATUS: Active
    • ON SITE: 39 days
    • ID#: MDWO116840
    UPDATED: 24 min ago
    $3,800,000
    • 0
      BEDS
    • 1.82
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1965
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Tremendous West Ocean City development opportunity. Either purchase and run the existing totally restored Alamo Motel which consist of 40 totally restored rooms, a 100% restored restaurant and an amazing pool with bar and outside seating. Or purchase and develop. 1.82 Acres of commercially zoned land in the booming West Ocean City market. Rt 50 Exposure with 200 ft of direct access. Across from the Outlets, 2 minutes to downtown Ocean City, 10 minutes to Assateague Island, 2 minutes to the World famous Harbor. As a developmental bonus. The sellers are willing to include at cost, 45 Edus they have obtained to go and transfer with this amazing location. These 45 Edus give this location massive development potential . Seller will not sell Edus to any other entity, they must transfer to the new owner as they are tied to this location only. Call listing agent for all details. Do not show without listing agent present.

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    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Redux Group | Keller Williams. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-10-24T12:51:56.647.
    dmv.thereduxgroup.com/homes/109991085
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    12614 Ocean Gateway Highway OCEAN CITY, MD 21842

    • Price: $3,800,000
    • Status: Active
    • Updated: 24 min ago
    • ID#: MDWO116840
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.82
    Acres
    1965
    Built
    Neighborhood:
    West Ocean City (85)
    County:
    Worcester
    Area:
    West Ocean City (85)
    Elementary School:
    Ocean City
    Middle School:
    Stephen Decatur
    High School:
    Stephen Decatur
    School District:
    Worcester County Public Schools
    Property Description
    Tremendous West Ocean City development opportunity. Either purchase and run the existing totally restored Alamo Motel which consist of 40 totally restored rooms, a 100% restored restaurant and an amazing pool with bar and outside seating. Or purchase and develop. 1.82 Acres of commercially zoned land in the booming West Ocean City market. Rt 50 Exposure with 200 ft of direct access. Across from the Outlets, 2 minutes to downtown Ocean City, 10 minutes to Assateague Island, 2 minutes to the World famous Harbor. As a developmental bonus. The sellers are willing to include at cost, 45 Edus they have obtained to go and transfer with this amazing location. These 45 Edus give this location massive development potential . Seller will not sell Edus to any other entity, they must transfer to the new owner as they are tied to this location only. Call listing agent for all details. Do not show without listing agent present.
    Exterior Features

    Construction Materials BlockBrickFrame Garage YN No Lot Features ClearedLandscaping Other Equipment Negotiable Parking Features Private Parking Types Parking Lot Property Condition Good Riparian Rights YN No Road Responsibility State Road Surface Type PavedUs Highway/Interstate Roof Metal Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 11133.00 Cooling Wall Unit Flooring Ceramic TileTile/BrickWoodOther Heating Forced AirWall Unit Heating YN Yes Net Square Feet 0.00 Security Features Desk in LobbyExterior Cameras

    Property Features

    Acceptable Financing CashConventional Accessibility Features None Assessment Year 2020 Association YN No Business Type Apartment Building Central Air YN No Cooling Fuel Electric Electric 150 Amps Foundation Details BlockSlab Heating Fuel Electric Historic YN No Hot Water Electric Incorporated City Name Ocean City Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 304296275831 Ownership Interest Fee Simple Possession 0-30 Days Cd Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 14141.00 Tax Assessment Amount 1477600.00 Tax Lot 30 Utilities Cable TvNatural Gas Available Vacation Rental YN No Water Source Well Zoning C2

    Listing courtesy of Coldwell Banker/Bud Church Rea.


    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Redux Group | Keller Williams. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-10-24T12:51:56.647.
     
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