Address
12708 Ocean Gateway Highway Ocean City, MD
Price
$ 17,400,000
Property Attributes
  • MLS#MDWO119640
  • TypeCommercial
  • CountyWORCESTER
  • CityOcean City
  • AreaWest Ocean City
  • Zip21842
  • StyleHotel/Motel
  • Year Built2018
  • Taxes102725
  • Price$ 17,400,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage88862
  • Lot Size2.04 Acres
Listing Provided Courtesy Of:
Keller Williams Realty
Data Source:
Bright MLS
Property Description

New Hotel in 2019-83 units in West Ocean City, 24 are suite units. Indoor Pool and fitness center, business center, digital keys, two miles from the Ocean City Boardwalk, 5 miles from the Ocean Downs Casino, across the street from the Ocean City Outlets & Restaurants. 9 miles from Assateague Island Federal & State Parks. No franchise improvements needed.

Price History
1/20/2021 Listed $17,400,000

General Features

Acceptable Financing Cash, Conventional
Accessibility 36 + wide Halls, Accessible Switches/Outlets, Elevator, Level Entry - Main
Building Name NONE AVAILABLE
Business Type Hotel/Motel
Construction Materials Block, Combination, Concrete, Dryvit
Cool Fuel Electric
Cooling Multi Units
County WORCESTER
Days on Market 89
Exclusions Subject to buyer approval & franchise acceptance
Heating Central, Heat Pump(s)
Historic Y/N No
Legal Subdivision WHEELS/YESTERDAY BOUNDARY CONS
Location Type Highway
MLS Area West Ocean City (85)
New Construction No
Ownership Fee Simple
Parking Features Handicap Parking, Paved Parking, Private
Possession Coin w/Sell Sett
Price Per Sq Ft 326.71
Property SubType Five Or More Units
Property Type Commercial Sale
Property Use Investment
PropertyCondition Excellent
Roof Built-Up
Security Features 24 hour security, Desk in Lobby, Fire Detection System, Exterior Cameras, Security System
Sewer Public Sewer
Tax Annual Amount 102725.0
Tax Lot 9
Tax Year 2020
Utilities Cable TV, Electric Available
Vacation Rental Y/N No
Water Access Y/N No
Zoning C2

Interior Features

Central Air Y/N No
Heating Fuel Electric
Heating Y/N Yes
Hot Water Other

Exterior Features

Building Area Total 53259.00
Car Parking Spaces 85
Inclusions All furniture and fixtures
Lot Dimensions 0.00 x 0.00
Lot Size Acres 2.04
Lot Size Source Assessor
Lot Size Square Feet 88862.00
Navigable Water Y/N No
Total Parking Spaces 85
Type of Parking Driveway, On Street, Parking Lot
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 21842

Price
AVG $1.45M
$17.4M
Taxes
AVG $12,431
$102,725
Visits
AVG 43
21
Year Built
AVG 1980
2018
Walkscore
AVG 48
58
Data Provided by Walkscore ® not using MLS data

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