801 Atlantic Ave
OCEAN CITY, MD 21842

$16,000,000

Description

The Lankford Hotel - A Historic Landmark Ocean City Boardwalk Hotel located in downtown Ocean City on 8th Street. Property consists of the main hotel located at 801 ~ 805 Boardwalk, the Ayresbilt, which holds 9 apartments, the Sea Robin which is a three floor, two apartment building and the Lankford Lodge which has two apartments and 11 rooms, for a total of 53 rental units. Sale also includes (6) commercial storefront properties on the boardwalk level and below boardwalk level. A total of approx. 43,222 finished square feet. Total lot approx. 41,650 square feet. Ocean/Boardwalk frontage 200 feet. Sale includes the following (3) tax parcels: Tax ID Nos. 10-034183; 10-033683; 10-034191

Details

MLS#MDWO101142
StyleIndustrial
Sub-TypeResale
StatusActive
Year1924
Days On Site108

Features

SQ Feet43,222
Story(s)0
ZoningBC-2, R-3

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Area Information

StateMD
CityOCEAN CITY
Zip Code21842
AreaDirect Oceanfront (80)
Listing VS Median (in 21842)
Price:
$16,000,000
low | high
Med:
$315,000
100% of Average
SqFt:
43,222
low | high
Med:
1,184
100% of Average
$ / SqFt:
$370
low | high
Med:
$266
78.130648226351% of Average
On Site:
108
low | high
Med:
4
100% of Average
Listing Updated: 03/18/2019
MLS Number: MDWO101142
Listing Provided By:
Monica McNamara  of  Coldwell Banker Residential - 64