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OCEAN CITY Maryland Real Estate Properties For Sale

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12614 OCEAN GATEWAY HIGHWAY, OCEAN CITY, Maryland
MLS #: MDWO116840
0 Bedrooms
0 Bathrooms
0 Half Bathroom
Dwelling Type: Five Or More Units
Area: West Ocean City (85)
Status:
Year Built: 1965

Price: $3,485,000

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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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Property Details

Address: 12614 OCEAN GATEWAY HIGHWAY OCEAN CITY ,
County:
MLS#: MDWO116840
MLS Area: West Ocean City (85)
Property Sub-Type: Five Or More Units
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Garage Type/Spaces: / 0.00
Year Built: 1965
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List Price: $3,485,000
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Lot Acres: 1.82
Zoning Code:
Annual St/Cnty Tax: $12,486
Annual City Tax: $0
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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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LA:
LO: Coldwell Banker/Bud Church Rea

Location Map

Map locations are approximate. Please contact one of our sales agents for additional location information.

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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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