12614 Ocean Gateway Hwy, Ocean City, Md 21842 $3,800,000

Price
$3,800,000
Bed
N/A
Bath
N/A
Acres
1.82
Town
Ocean City
MLS
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.

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Exterior Features

Construction Materials
Block, brick, frame
Foundation Details
Block, slab
Type of Parking
Parking Lot
Roof
Metal

Interior Features

Heating
Forced Air, wall Unit
Cooling
Wall Unit
Flooring
Ceramic Tile, tile/brick, wood, other

Additional Details

Acres
1.82
Year Built
1965
New Construction
N
Property Type
Commercial Sale
County
Worcester
Lot Size Dimensions
0.00 X 0.00
© 2020 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/bud Church Rea. 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.