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OCEAN CITY Maryland Real Estate Properties For Sale

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12000 COASTAL HIGHWAY, OCEAN CITY, Maryland
MLS #: MDWO102098
0 Bedrooms
0 Bathrooms
0 Half Bathroom
Dwelling Type: Other
Area: Ocean Block (82)
Status:
Year Built: 1991

Price: $11,000,000

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Property is Identified as the Coastal Palms Motel. Sale includes: 12000 Coastal Hwy; 12004 Coastal Hwy; 12012 Assawoman Drive; Assawoman Drive Lot 15. Tax Id Nos. 10-149312; 10-149096; 10-359716; 10-149053. 95 Unit Motel with Restaurant - The popular Crab Cake Factory - There is convention and meeting space. Also includes a free standing home on the ocean block. Description of Site:44,920 +/- Square Feet / Ocean Block - 9 Lots-Lots 21,22,23,27,28,29,30,31 &32Block 104, Plat - Fenwick5,000 +/- Square Feet / Ocean Block - Lot 15Block 104, Plat - FenwickDescription of Improvements:50,502 +/- Square Feet Building Area - 2 Buildings95 Unit Motel with 34 Suites and 60 Standard Rooms & 1 - 3 bedroom, 2 bath apartment,Potential Convention / Meeting AreasRestaurant, Outdoor Pool & Deck AreaOffice - Lobby Area with Breakfast Area for guestsStorage, Mechanical Rooms - On Site ParkingSingle Family Home - 1,265 +/- Square Feet w/ 2 Bedrooms & 2 Full Bathrooms, Situated on 5,000 +/-Square Foot LotZoning: R3ACompleted Major renovations in Winter/Spring of 2012:All Rooms--New Paint and drywall repair.-New carpet.-Newly sprayed popcorn ceilings/ new drop ceilings in restrooms.-New light fixtures.-All furniture replaced.Exterior--New paint and EFIS repair as necessary.-New roof.Spring of 2017:-Game room and fitness center added to property.-Guest room bathrooms renovated with new toilets.-New tile in bathrooms and room entryways.-Parking lot sealed.-Elevator cars renovated.2018:-Mechanical components of elevators completely upgraded.


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Property Details

Address: 12000 COASTAL HIGHWAY OCEAN CITY ,
County:
MLS#: MDWO102098
MLS Area: Ocean Block (82)
Property Sub-Type: Other
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Garage Type/Spaces: / 0.00
Year Built: 1991
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List Date:
List Price: $11,000,000
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Lot Acres: 1.15
Zoning Code:
Annual St/Cnty Tax: $59,289
Annual City Tax: $29,150
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Bedrooms: 0
Full Baths: 0
Half Baths: 0
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Annual HOA Fee: $0
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Annual Trash Fee: $0
Annual Water Fee: $0
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LO: Coldwell Banker Residential - 64

Location Map

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All room dimensions and other measurements are approximate. All information is deemed reliable but not guaranteed. Prospective purchasers should verify the information to their own satisfaction.

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