Ocean City, MD 21842,12445 OCEAN GATEWAY #UNITS 1-6
Ocean City, MD 21842,12445 OCEAN GATEWAY #UNITS 1-6
Ocean City, MD 21842,12445 OCEAN GATEWAY #UNITS 1-6
Ocean City, MD 21842,12445 OCEAN GATEWAY #UNITS 1-6
Ocean City, MD 21842,12445 OCEAN GATEWAY #UNITS 1-6
Ocean City, MD 21842,12445 OCEAN GATEWAY #UNITS 1-6
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$1,100,000

$1,199,000

8.3%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

9,000 SqFt


SOLD DATE : 05/11/2022

Key Details

Sold Price $1,100,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 9,000 sqft

Price per Sqft $122

Subdivision Marlin Park

MLS Listing ID MDWO2001236

Sold Date 05/11/22

HOA Y/N N

Originating Board BRIGHT

Year Built 1989

Annual Tax Amount $19,584

Tax Year 2019

Property Description

PRIME RTE 50 LOCATION! Turnkey Restaurant/Pub opportunity. Mulligans, a successful Restaurant operation from 93-2002 Gross Annual Income over $2M. Six condominium units together have been a fine dining/sports pub since 2003. Restaurant includes an Italian Pizza oven with imported stone from Italy. All fixtures and equipment convey. Arcade Games negotiable. Close to the large community of Glen Riddle Farm, traffic from Amusements across the street and close to several other dining establisments. Minutes from Ocean City and close to White Marlin mall. Upstairs has 2 offices and one bath. 6 units convey with 12 EDU's and over 100 parking spaces. All six condos have new HVAC systems, new flooring, remodeled bathrooms, new Kitchen equipment. Numerous possiblities exist for this site.

Location

State MD

County Worcester

Area West Ocean City (85)

Zoning B-2

Interior

Hot Water Electric

Heating Central, Heat Pump(s)

Cooling Central A/C, Heat Pump(s)

Flooring Carpet, Concrete, Vinyl

Heat Source Electric

Exterior

Garage Spaces 102.0

Utilities Available Cable TV Available, Electric Available, Phone Available, Sewer Available, Water Available

Water Access N

Accessibility 32\"+ wide Doors, Level Entry - Main

Total Parking Spaces 102

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

High Schools Stephen Decatur

School District Worcester County Public Schools

Others

Tax ID 2410323630

Ownership Condominium

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Candi Noyes • Coldwell Banker Realty
Bought with Candi Noyes • Coldwell Banker Realty

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