Property Listing No Longer Available for Sale

12614 Ocean Gateway Hwy, Ocean City, MD

Others for Sale - $3,485,000 - 11,133 Sq. Ft. on 1.82 acres


Property Info

CIMLS#1080776
Location
  12614 Ocean Gateway Hwy
  Ocean City MD 21842
UpdatedMay 2nd, 2021
TypeOthers
Price$3,485,000
Building11,133 Sq. Ft.
Land1.82 acres

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.


Financials