12614 Ocean Gateway Highway, Ocean City, MD 21842

$3,595,000
List Price
$3,595,000
Price Change
▼ $205,000 1605215909
Days on Market
82
Status
ACTIVE
MLS#
MDWO116840
Lot Size (Acres)
1.82
Year Built
1965
County
Worcester
School District
Worcester County Public Schools

Property Description

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.

Additional Information

Area
West Ocean City (85)
Taxes
$14141
School District
Worcester County Public Schools
Elementary School
Ocean City
Middle School
Stephen Decatur
High School
Stephen Decatur
Flooring
Ceramic Tile, Tile/Brick, Wood, Other
Heating
Forced Air, Wall Unit
Heating Fuel
Electric
Cooling
Wall Unit
Roof
Metal
Utilities
Cable TV, Natural Gas Available
Water
Well
Sewer
Public Sewer

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Coldwell Banker/Bud Church Rea.