« Back to results

$3,800,000.00

12614 OCEAN GATEWAY

OCEAN CITY, MD 21842

79279.00 Sq. Ft.

Year Built : 1965

List Date : 2020-09-14

MLS# : B MDWO116840

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.



FEATURES

  • Construction: Block,Brick,Frame
  • County: WORCESTER
  • Lot Acres: 2
  • Parking: Private
  • Roof Type: Metal
  • Tax Amount: $14,141.00
  • Tax Year: 2020
  • Utilities: Cable TV,Natural Gas Available
  • Waterfront: N

This listing is courtesy of Coldwell Banker/Bud Church Rea