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$1,100,000

  • Sold
  • Closed
  • Business
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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 #UNITS 1-6

General

  • Sold For: $1,100,000
  • Taxes: $19,584 (2019)
  • Status: Closed
  • Type: Business
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDWO2001236
  • Added to Site: 1, 662 day(s) ago

Business

  • Business Type: Restaurant/Bar

Interior

  • Flooring: Carpet, Concrete, Vinyl

Parking

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

Location

  • Area: West Ocean City (85)
  • County: Worcester
  • Development Name: Marlin Park
  • Subdivision: Marlin Park
  • Building Name: Marlin Park
  • Cross Streets: Blue Marlin Drive
  • Driving Directions: Rte 50 West Ocean City across from Grand Prix Amusements

School Information

  • High School: Stephen Decatur

Heating & Cooling

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

Utilities

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

Structural Information

  • Construction: Stone
  • Stories/Levels: 0
  • Year Built: 1989
  • Year Built Source: Estimated

Unit Information

  • # Tenants: Multiple

Lot Features

  • Zoning: B-2

Financial Considerations

  • Price Per Sq. Ft.: $133.22
  • Assessment Year: 2019
  • Tax w/Assessment: $1,023,000
  • Tax Amount: $19,584
  • Tax Year: 2019

Disclosures and Reports

  • Ownership: Condominium
  • Exclusions: Arcade Games (negotiable)
  • Inclusions: Restaurant equipment, fixtures, furniture
  • Lot Number: 5

Meet the listing and selling agents

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— 12445 Ocean Gateway #UNITS 1-6 —

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NMLS#: 1598647

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NMLS#: 1598647

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Schools serving 12445 Ocean Gateway #UNITS 1-6

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 Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 12445 Ocean Gateway #UNITS 1-6

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.

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12445 Ocean Gateway #UNITS 1-6, Ocean City, MD 21842 (MLS# MDWO2001236) is a Business 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 #UNITS 1-6? Do you have questions about finding other Business 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.