Address
12445 Ocean Gateway Drive # 1,2,3,4,5&6 Ocean City, MD
Price
$ 1,349,000
Property Attributes
  • MLS#MDWO2001228
  • TypeBusiness Op
  • CountyWORCESTER
  • CityOcean City
  • AreaWest Ocean City
  • Zip21842
  • StyleRestaurant/Bar,Shopping Center
  • Year Built1989
  • Taxes$ 19584
  • Price$ 1,349,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size9,148 SqFt
Listing Provided Courtesy Of:
Coldwell Banker Realty
Data Source:
Bright MLS - 382 - MD
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.

Price History
8/3/2021 Listed $1,499,000
10/25/2021 11% - $1,349,000

General Features

Acceptable Financing Conventional, Cash
Accessibility 32 + wide Doors, Doors - Swing In
Building Name Marlin Park
Business Name Mulligans
Business Type Restaurant/Bar, Shopping Center
Construction Materials Stone
Cool Fuel Electric
Cooling Central A/C
County WORCESTER
Current Use Restaurant
Days on Market 111
Exclusions Arcade Games (can be negotiated)
Flooring Carpet, Concrete, Vinyl
Heating Heat Pump(s)
Leasable Area 9000
Location Type Highway
Lot Size Square Feet 9000.00
MLS Area West Ocean City (85)
Municipality Ocean City
New Construction No
Possession Settlement
Property SubType Retail
Property Type Business Opportunity
Sewer Public Sewer
Tax Annual Amount 19584.0
Tax Year 2020
Unit Number 1, 2, 3, 4, 5&6
Utilities Cable TV Available, Phone Available
Vacation Rental Y/N No
Water Access Y/N No
Zoning C2

Interior Features

Central Air Y/N Yes
Heating Fuel Electric
Heating Y/N Yes
Hot Water Electric

Exterior Features

Building Area Total 0.00
Car Parking Spaces 100
Foundation Details Slab
Inclusions Restaurant equipment, fixtures, furniture
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.21
Lot Size Source Estimated
Navigable Water Y/N No
Parking Features Lighted Parking
Total Parking Spaces 102
Type of Parking Parking Lot
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Business Op Average in 21842

Price
AVG $1.35M
$1.35M
Taxes
AVG $19,584
$19,584
Visits
AVG 14
13
Year Built
AVG 1989
1989
Walkscore
AVG 44
44
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.