$1,100,000
$1,199,000
8.3%For more information regarding the value of a property, please contact us for a free consultation.
12445 OCEAN GATEWAY #UNITS 1-6 Ocean City, MD 21842
9,000 SqFt
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
Waterfront N
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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Bought with Candi Noyes • Coldwell Banker Realty