Atlantic House-Ocean City, Maryland
Ocean City, MD
Offered for sale at $929,000
Atlantic Seashore Resort Bed & Breakfast
Near the heart of Boardwalk fun, this VIABLE bed and breakfast is situated in the tourist-rich destination of Ocean City, Maryland, along the east coast Atlantic shore. Within 3 hours of Baltimore, Annapolis, Philadelphia, Washington D.C., and Norfolk/Virginia Beach, this inn and Ocean City has been attracting leisure travelers and vacationers for decades…one of the most popular resorts on the east coast. Ocean City has been named one of the best family vacation resorts in America.
Guests come to visit the area attractions and excitement. This inn is surrounded by the diversity and interests of many, including nearly 3 miles of Boardwalk shopping and strolling and restaurants ranging from Boardwalk Fries, Caramel Corn and Salt Water Taffy, and crab cakes to gourmet dining in some of the finest restaurants with maritime views in all directions. The finest sand beaches on the east coast, amusement park and rides, the Life-Saving Station Museum, visits to Assateague Island’s ponies, golfing on one of the 17 championship courses…there’s something for everybody. Annual festivals, car shows, fishing tournaments, water sports and parasailing bring nearly 8 million visitors to the beach each year.
The inn has eight guest rooms, private baths, and 4 utility rooms. A hot tub on the 2nd floor deck is popular with guests and a 1st floor apartment, complete with two bedrooms, kitchen and living room is idea for family vacations. The large living and dining rooms, as well as owner’s quarters, are on the main level.
But it is the business strength that will put this inn on your short list of candidate inns-for-purchase. With a way-above-average Daily Rate, and substantial Net Operating Income (that also pays the mortgage!), this inn has viability…something that most inns aspire to but can never achieve.
So if you are looking for an inn with a pleasant lifestyle for the innkeepers, area attractions galore for guests, and with a strong business, this is a Must See!
PRICE REDUCED, Turnkey, at $929,000
More info call Shane Hall 410-280-5600
- 8 Guest Rooms
- 8 Guest Room Baths
- Has Owner's Quarters
- Built in 1935
- Last Renovated in 2012
- Building is 5,698 SQFT
- Lot is 0.1 Acres
- Photo Gallery
- Property Website
- Offered for sale at $929,000
- Occupancy Rate: 29%
- Average Daily Rate: $167.57
- Annual revenue is $178,800
- Terms: Fee Simple, Turnkey
- Prequalify for Inn Financing on this property