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12445 Ocean Gateway , Units 1-6

OCEAN CITY, MD 21842
  • $1,349,000
  • STATUS: Active
  • ON SITE: 119 Days
  • ID#: MDWO2001236
UPDATED: 121 min ago
$1,349,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1989
County:

School Information

High School:

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.

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or EXIT Realty Ocean City. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-11-30T23:49:52.913.
www.exitrealtyoc.com/homes/119993541
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12445 Ocean Gateway , Units 1-6 OCEAN CITY, MD 21842

  • Price: $1,349,000
  • Status: Active
  • On Site: 119 Days
  • Updated: 121 min ago
  • ID#: MDWO2001236
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1989
Built
Neighborhood:
Marlin Park
County:
Worcester
Area:
West Ocean City (85)
High School:
Stephen Decatur
School District:
Worcester County Public Schools
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.
Exterior Features

Construction Materials Stone Garage YN No Parking Features Paved ParkingLighted Parking Parking Types Parking Lot Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 9000.00 Cooling Central A/CHeat Pump(S) Exclusions Arcade Games (Negotiable) Flooring CarpetConcreteVinyl Heating CentralHeat Pump(S) Heating YN Yes Inclusions Restaurant EquipmentFixturesFurniture Net Square Feet 9000.00

Property Features

Acceptable Financing CashConventional Accessibility Features 32"+ Wide DoorsLevel Entry - Main Assessment Year 2019 Association YN No Business Type Restaurant/Bar Central Air YN Yes Cooling Fuel Electric Cross Street Blue Marlin Drive Heating Fuel Electric Hot Water Electric Navigable Water YN N New Construction YN No Original MLSNumber 800919453652 Ownership Interest Condominium Possession Settlement Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 19584.00 Tax Assessment Amount 1023000.00 Tax Lot 5 Utilities Cable Tv AvailableElectric AvailablePhone AvailableSewer AvailableWater Available Vacation Rental YN No Water Source Public Zoning B-2

Listing courtesy of Coldwell Banker Realty.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or EXIT Realty Ocean City. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-11-30T23:49:52.913.
 
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EXIT Realty Ocean City
5700 Coastal Highway, Suite 202
Ocean City MD, 21842