Property Showcase

12806 OCEAN GATEWAY HWYOcean City, MD 21842 0

$19,700,000
Commercial
Status: Contract Pending
  • Sqft:111,999
  • Lot:14.25 acres
  • MLS#: MDWO108938
38.335552215576172-75.106971740722656
Courtesy Of Coldwell Banker/Bud Church Rea

Description:

We are proud to introduce a once in a lifetime opportunity in Worcester County. The Francis Scott Key Hotel & Resort, developed and run by Kenny Baker and now run by his daughter Anne Marie and her husband, Jim. This family-oriented resort is located just 1 mile from Ocean Cities famous boardwalk and beach. This resort has been consistently named in the top 25 in the Nation on Trip Advisor for family run resorts and every year has received the Certificate of Excellence. The amenities include: Indoor Caribbean themed pool with full concession, an outdoor pirated themed shipwreck cove pool bar concession stand with gift shop as well as a pirate themed spray ground. 3 shuttle busses (2 handicapped accessible) transports guests to the beach and boardwalk. Guest~s also enjoy a full-scale restaurant on site, family movie theater, small conference center, arcade gust laundry as well as a full-scale laundry facility to complete all on site laundry needs for the hotel. Beach volleyball, basketball, picnic pavilion, fishing pond, and playground. There is a total of 240 guest rooms, 22 are single family vacation cottages which are rented weekly from Sat. to Sat. 80 have full kitchens, 112 have microwaves/compact refrigerators and 26 have smaller fridges. Guest rooms accommodate between 2-8 guests depending on room type. The entire property consists of 14 acres commercially zoned property located just across Rt. 50 from the outlet mall and around the corner from the world-famous West Ocean City Harbor and its top-rated waterfront restaurants. Call listing agent for all details. Please see attached video.

Main Features:

Listing Status Contract Pending Year Built 1950
Garage 400.0 School District OCEAN CITY
School District2 STEPHEN DECATUR School District3 STEPHEN DECATUR
School District WORCESTER COUNTY PUBLIC SCHOOLS County Worcester County
Taxes $68,916.00 Tax Year 2019
Rental Price $0 Units 240
Building Name NONE AVAILABLE

Additional Features:

Air Conditioning Yes
Building Area Source Assessor
Business Type Hotel/Motel
Cooling Central A/C
Cooling Fuel Electric
Doors/Windows Six Panel
Sliding Glass
Electric 200+ Amp Service
Expenses Include Advertising
Cable TV
Electric
Heating/Cooling
Insurance
Landscaping
Faces North
Financing Cash
Conventional
Private
Flooring Carpet
Ceramic Tile
Hardwood
Wood
Foundation Block
Gross Income Includes Apartment Rentals
Concessions
Other
Heating Programmable Thermostat
Wall Unit
Heating Fuel Electric
Natural Gas
Historic YN No
Location Highway
Lot Description Cleared
Landscaping
Pond
Road Frontage
New Construction No
Parking Private
Possession 31-60 Days CD
Rental Features No
Road Maintenance State
Road Surface Paved
US Highway/Interstate
Roof Architectural Shingle
Metal
Security Features Carbon Monoxide Detector(s)
Fire Detection System
Security System
Sprinkler System - Indoor
Sewer Public Sewer
Soil Unknown
Utilities Cable TV
Natural Gas Available
Phone Connected
Water Access No
Water Heater Multi-tank
Natural Gas
Water Source Well
Waterfront No

Extra Features:

Assessment Year 2019 Builder Name Kenny Baker
Building Square Feet 111999.00 List Type (Exclusive) Exclusive Right
MLSSystem ID BRIGHT Permits On Hand
Price Per SQFT 175.89 Total Parking Spaces 400

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Information deemed reliable but not guaranteed.
Copyright© 2020 Bright MLS. All Rights Reserved.
Last Updated On: 2/17/2020 8:39:11 PM

12806 OCEAN GATEWAY HWY, Ocean City, MD 21842

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Information deemed reliable but not guaranteed.
Copyright© 2020 Bright MLS. All Rights Reserved.
Last Updated On: 2/17/2020 8:39:11 PM

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