12000 Coastal Hwy Ocean City, MD 21842

Description of 12000 Coastal Hwy Ocean City, MD 21842

Property is Identified as the Coastal Palms Motel. Sale includes: 12000 Coastal Hwy; 12004 Coastal Hwy; 12012 Assawoman Drive; Assawoman Drive Lot 15. Tax Id Nos. 10-149312; 10-149096; 10-359716; 10-149053. 95 Unit Motel with Restaurant - The popular Crab Cake Factory - There is convention and meeting space. Also includes a free standing home on the ocean block. Description of Site:44,920 +/- Square Feet / Ocean Block - 9 Lots-Lots 21,22,23,27,28,29,30,31 &32Block 104, Plat - Fenwick5,000 +/- Square Feet / Ocean Block - Lot 15Block 104, Plat - FenwickDescription of Improvements:50,502 +/- Square Feet Building Area - 2 Buildings95 Unit Motel with 34 Suites and 60 Standard Rooms & 1 - 3 bedroom, 2 bath apartment,Potential Convention / Meeting AreasRestaurant, Outdoor Pool & Deck AreaOffice - Lobby Area with Breakfast Area for guestsStorage, Mechanical Rooms - On Site ParkingSingle Family Home - 1,265 +/- Square Feet w/ 2 Bedrooms & 2 Full Bathrooms, Situated on 5,000 +/-Square Foot LotZoning: R3ACompleted Major renovations in Winter/Spring of 2012:All Rooms--New Paint and drywall repair.-New carpet.-Newly sprayed popcorn ceilings/ new drop ceilings in restrooms.-New light fixtures.-All furniture replaced.Exterior--New paint and EFIS repair as necessary.-New roof.Spring of 2017:-Game room and fitness center added to property.-Guest room bathrooms renovated with new toilets.-New tile in bathrooms and room entryways.-Parking lot sealed.-Elevator cars renovated.2018:-Mechanical components of elevators completely upgraded.

CENTURY 21 A Better Way


Office:
(717) 243-4929

  • Commercial
    • MLS Number:
    • MDWO102098
    • Price:
    • $11,000,000
    • Bedrooms:
    • 0 bed
    • Bathrooms:
    • Size:
    • 3049200 sqft, 1.15 acre
    • Built:
    • 1991
    • Listed Days:
    • 41 day(s) ago
    • Taxes:
    • $ 88,439
    • Garage Size:

Map of 12000 Coastal Hwy Ocean City, MD 21842

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Features of 12000 Coastal Hwy Ocean City, MD 21842

CONSTRUCTION
  • Total Units : 95
LOT
  • Area : Ocean Block (82)
  • Lot Size Acres : 1.15
  • Lot Sq Ft : 3049200
  • Zoning : R-3A
OTHER
  • County Code : WORCESTER
  • Ob Property Type : Commercial
  • Property Sub Type Desc : Other
  • Property Type Desc : Commercial
  • Tax Amount : 88439
  • Transaction Type : Sale
UTILITIES
  • Water Sewer Desc : Public sewer

Courtesy of: Coldwell Banker Residential - 64
Courtesy 
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