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$1,100,000

  • Sold
  • Closed
  • Retail
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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.

Full Property Details for 12445 Ocean Gateway Dr #1,2,3,4,5&6

General

  • Sold For: $1,100,000
  • Taxes: $19,584 (2020)
  • Status: Closed
  • Type: Retail
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDWO2001228
  • Added to Site: 1, 713 day(s) ago

Business

  • Name: Mulligans
  • Business Type: Restaurant/Bar, Shopping Center
  • Year Established: 1993

Interior

  • Flooring: Carpet, Concrete, Vinyl

Parking

  • Total Spaces: 102
  • Parking Features: Lighted Parking
  • Parking Type: Parking Lot

Location

  • Area: West Ocean City (85)
  • Municipality: Ocean City
  • County: Worcester
  • Building Name: Marlin Park
  • Driving Directions: Ocean Gateway, West Ocean City across from Grand Prix Amusements
  • Location Details: Highway

School Information

  • School District: Worcester County Public Schools

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable TV Available, Phone Available

Structural Information

  • Construction: Stone
  • Foundation: Slab
  • Stories/Levels: 0
  • Current Bldg. Use: Restaurant
  • Year Built: 1989
  • Year Built Source: Assessor

Unit Information

  • # Tenants: Multiple

Lot Features

  • Lot Size (Acres): 0.21
  • Lot Size (Sq. Ft.): 9,000
  • Lot Size Source: Estimated
  • Lot Dimensions: 0.00 x 0.00
  • Zoning: C2

Financial Considerations

  • Assessment Year: 2019
  • City/TownTax Freq: Annually
  • Tax w/Assessment: $1,023,000
  • Tax Amount: $19,584
  • Tax Year: 2020

Disclosures and Reports

  • Ownership: Other
  • Exclusions: Arcade Games (can be negotiated)
  • Inclusions: Restaurant equipment, fixtures, furniture

Meet the listing and selling agents

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— 12445 Ocean Gateway Dr #1,2,3,4,5&6 —

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NMLS#: 1598647

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Schools serving 12445 Ocean Gateway Dr #1,2,3,4,5&6

School District:Worcester County Public Schools
NameGradesDistance
Ocean City Elementary School
12828 Center Drive, Ocean City, MD 21842
PK-40.8 mi
Berlin Intermediate School
309 Franklin Avenue, Berlin, MD 21811
4-65 mi
Stephen Decatur Middle School, Berlin, MD
9815 Seahawk Road, Berlin, MD 21811
7-83.8 mi
Stephen Decatur High School
9913 Seahawk Road, Berlin, MD 21811
9-123.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 12445 Ocean Gateway Dr #1,2,3,4,5&6

Date
Details
Price
Change
Source
5/11/2022
Sold
$1,100,000
-8.26%
MLS
3/05/2022
Price Reduced
$1,199,000
-11.12%
MLS
10/24/2021
Price Reduced
$1,349,000
-10.01%
MLS
8/03/2021
Listed
$1,499,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Just Listed near 12445 Ocean Gateway Dr #1,2,3,4,5&6

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51 Newport Dr, Ocean Pines, MD 21811 - Photo 1 Just Listed
$425,000

51 Newport Dr  Ocean Pines, MD 21811

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48 Windjammer Rd, Ocean Pines, MD 21811 - Photo 1 Just Listed
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48 Windjammer Rd  Ocean Pines, MD 21811

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Listed by ERA Martin Associates, Shamrock Division, Mary Burgess
130 Boston, Ocean Pines, MD 21811 - Photo 1 Just Listed
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130 Boston  Ocean Pines, MD 21811

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7710 Yacht Club Dr, Ocean Pines, MD 21811 - Photo 1 Just Listed
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7710 Yacht Club Dr  #314  Ocean Pines, MD 21811

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Listed by Hileman Real Estate-Berlin, Debora H Hileman

Price Reduced near 12445 Ocean Gateway Dr #1,2,3,4,5&6

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26 Castle Dr, Ocean Pines, MD 21811 - Photo 1 Price Reduced
-$10,000 (-2.64%)
$369,000

26 Castle Dr  Ocean Pines, MD 21811

  • Single Family
  • Active
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  • 3
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Listed by Shawn Kotwica (724) 840-0572
306 Ocean Pkwy, Ocean Pines, MD 21811 - Photo 1 Price Reduced
-$5,100 (-1.36%)
$369,900

306 Ocean Pkwy  Ocean Pines, MD 21811

  • Single Family
  • Active
  • Updated 1 day ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,388
    Sq. Ft.
Listed by Berkshire Hathaway HomeServices PenFed Realty - OP, Marlene Ott
11423 Manklin Creek Rd, Ocean Pines, MD 21811 - Photo 1 Price Reduced
-$10,000 (-3.39%)
$285,000

11423 Manklin Creek Rd  #1  Ocean Pines, MD 21811

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  • Updated 3 days ago
  • 3
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Listed by Keller Williams Realty Delmarva, Nicole P. Callender
1258 Ocean Pkwy, Ocean Pines, MD 21811 - Photo 1 Price Reduced
-$15,000 (-3.23%)
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1258 Ocean Pkwy  Ocean Pines, MD 21811

  • Single Family
  • Active
  • Updated 6 days ago
  • 4
    Beds
  • 3
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    Sq. Ft.
Listed by Sheppard Realty Inc, Jenny Sheppard

Recent Sales near 12445 Ocean Gateway Dr #1,2,3,4,5&6

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12750 Old Bridge Rd, Ocean City, MD 21842 - Photo 1 Sold
$1,000,000

12750 Old Bridge Rd  Ocean City, MD 21842

  • Lots/Land
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  • 0.74
    Acres
Listed by Seaside Resort Group, LLC, Michael Stewart Maykrantz
Sold by Unrepresented Buyer Office, Unrepresented Buyer
12140 Pimlico Ln, Berlin, MD 21811 - Photo 1 Sold
$965,000

12140 Pimlico Ln  Berlin, MD 21811

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    Sq. Ft.
Listed by Berkshire Hathaway HomeServices PenFed Realty-WOC, Kimberly Heaney
Sold by Iron Valley Real Estate Ocean City, Sherri E. Custodio
12117 Pimlico Ln, Berlin, MD 21811 - Photo 1 Sold
$1,100,000

12117 Pimlico Ln  Berlin, MD 21811

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    Beds
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    Sq. Ft.
Listed by Nancy Reither
Sold by Coldwell Banker/Bud Church Rea, Allyson Bernard
9605 Indian Trail Dr, Berlin, MD 21811 - Photo 1 Sold
$1,240,000

9605 Indian Trail Dr  Berlin, MD 21811

  • Single Family
  • Closed
  • 3
    Beds
  • 3
    Total Baths
  • 3,121
    Sq. Ft.
Listed by Nancy Reither
Sold by Unrepresented Buyer Office, Unrepresented Buyer

12445 Ocean Gateway Drive #1,2,3,4,5&6, Ocean City, MD 21842 (MLS# MDWO2001228) is a Retail property that was sold at $1,100,000 on May 11, 2022. This property was listed by Candi Noyes from our Ocean City - 123rd Office.Want to learn more about 12445 Ocean Gateway Drive #1,2,3,4,5&6? Do you have questions about finding other Retail real estate for sale in Ocean City? You can browse all Ocean City real estate or contact a Coldwell Banker agent to request more information.