Property Listing No Longer Available for Sale

12806 Ocean Gateway Hwy, Ocean City, MD

Multi-family for Sale - $19,900,000 - 111,999 Sq. Ft. on 14.25 acres


Property Info

CIMLS#1057096
Location
  12806 Ocean Gateway Hwy
  Ocean City MD 21842
UpdatedMarch 7th, 2020
TypeMulti-family
Price$19,900,000
Building111,999 Sq. Ft.
Land14.25 acres

Property Description

& Resort, developed and run by Kenny Baker and now run by his daughter Anne Marie and her husband, Jim. This family-oriented resort is located just 1 mile from Ocean Cities famous boardwalk and beach. This resort has been consistently named in the top 25 in the Nation on Trip Advisor for family run resorts and every year has received the Certificate of Excellence. The amenities include: Indoor Caribbean themed pool with full concession, an outdoor pirated themed shipwreck cove pool bar concession stand with gift shop as well as a pirate themed spray ground. 3 shuttle busses (2 handicapped accessible) transports guests to the beach and boardwalk. Guest~s also enjoy a full-scale restaurant on site, family movie theater, small conference center, arcade gust laundry as well as a full-scale laundry facility to complete all on site laundry needs for the hotel. Beach volleyball, basketball, picnic pavilion, fishing pond, and playground. There is a total of 240 guest rooms, 22 are single family vacation cottages which are rented weekly from Sat. to Sat. 80 have full kitchens, 112 have microwaves/compact refrigerators and 26 have smaller fridges. Guest rooms accommodate between 2-8 guests depending on room type. The entire property consists of 14 acres commercially zoned property located just across Rt. 50 from the outlet mall and around the corner from the world-famous West Ocean City Harbor and its top-rated waterfront restaurants. Call listing agent for all details. Please see attached video.


Financials