1540 Ocean Highway, Pocomoke City, MD
Motel for Sale - $2,450,000 - 40,014 Sq. Ft. on 3.86 acres
Property Info
| CIMLS# | 916079 |
| Location 1540 Ocean Highway Pocomoke City MD 21851 | |
| Updated | November 10th, 2016 |
| Type | Motel |
| Price | $2,450,000 |
| Building | 40,014 Sq. Ft. |
| Land | 3.86 acres |
Property Description
This two story America's Best Value Inn is a 87 unit, limited service hotel located in Pocomoke City, Maryland. The property encompasses over 3 acres and 40,000 square feet and is complete with an in-ground swimming pool, breakfast area and an onsite manager's apartment. The hotel is conveniently located between Salisbury, Maryland and Chincoteague, Virginia and has great visibility off of Ocean Highway.
The property is priced at $61 per square foot and $28,160 per room.
Please contact Broker for the NDA to receive detailed financials.
Location Description:
This limited service hotel is located in Pocomoke City, Maryland. The hotel is conveniently located between Salisbury, Maryland and Chincoteague, Virginia and has great visibility off of Ocean Highway. For more information please visit http://www.cityofpocomoke.com/
Highlights:
>> Highly Visible Hotel
>> Easy Access
>> Near Resort Markets
>> Opportunity to re-brand
>> Only Nearby Hotel with Outdoor Pool
* Email for additional photos
Financials
Sales Info:
>> Commision split: 3.0%