12000 Coastal Hwy, Ocean City, Md 21842 $11,000,000

Price
$11,000,000
Bed
N/A
Bath
N/A
Acres
1.15
Town
Ocean City
MLS
Mdwo102098

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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Exterior Features

Construction Materials
Block, concrete
Type of Parking
Parking Lot

Interior Features

Heating
Wall Unit
Cooling
Wall Unit

Additional Details

Acres
1.15
Year Built
1991
New Construction
N
Property Type
Commercial Sale
County
Worcester
© 2019 Coastal Association of REALTORS All rights reserved. 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. Real estate listings held by brokerage firms other than Atlantic Shores Realty, LLC. are indicated here. Listing courtesy of Coldwell Banker Residential - 64. Site maintained by Ryan T. Haley, Broker of Atlantic Shores Realty. Office: (410) 524-0919 | This email address is being protected from spambots. You need JavaScript enabled to view it.