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Key Details
Sold Price $3,300,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 11,133 sqft
Price per Sqft $296
MLS Listing ID MDWO116840
Sold Date 06/28/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1965
Annual Tax Amount $14,141
Tax Year 2020
Lot Size 1.820 Acres
Acres 1.82
Lot Dimensions 0.00 x 0.00
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.
Location
State MD
County Worcester
Area West Ocean City (85)
Zoning C2
Interior
Hot Water Electric
Heating Forced Air, Wall Unit
Cooling Wall Unit
Flooring Ceramic Tile, Tile/Brick, Wood, Other
Equipment Negotiable
Heat Source Electric
Exterior
Garage Spaces 100.0
Utilities Available Cable TV, Natural Gas Available
Water Access N
Roof Type Metal
Street Surface Paved,US Highway/Interstate
Accessibility None
Road Frontage State
Total Parking Spaces 100
Garage N
Building
Lot Description Cleared, Landscaping
Foundation Block, Slab
Sewer Public Sewer
Water Well
New Construction N
Schools
Elementary Schools Ocean City
Middle Schools Stephen Decatur
High Schools Stephen Decatur
School District Worcester County Public Schools
Others
Tax ID 10-017491
Ownership Fee Simple
SqFt Source Assessor
Security Features Desk in Lobby,Exterior Cameras
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Christian Phillips • NAI Coastal
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