Holiday Real Estate, Inc.
7700 Coastal Hwy
Ocean City, Maryland 21842
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12614 OCEAN GATEWAY HIGHWAY
OCEAN CITY
0 Bedrooms
0 Bathrooms
0 Half Bathroom
Dwelling Type: Five Or More Units


Price: $3,595,000

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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MLS #: MDWO116840
Price: $3,595,000
Address: 12614 OCEAN GATEWAY HIGHWAY
City: OCEAN CITY
Area: West Ocean City (85)
Dwelling Type: Five Or More Units
Year Built: 1965
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Address: 12614 OCEAN GATEWAY HIGHWAY OCEAN CITY,
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MLS#: MDWO116840
MLS Area: West Ocean City (85)
Property Sub-Type: Five Or More Units
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Year Built: 1965
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List Price: $3,595,000
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Annual St/Cnty Tax: $12,486
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LO: Coldwell Banker/Bud Church Rea
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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.
 
 

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