JUNE 2013, OCEAN CITY, MD – Henry Hanna, CCIM, SIOR, Senior Advisor with Sperry Van Ness – Miller Commercial Real Estate in Salisbury, MD is pleased to announce the sale of the Sea Isle Motel on Route 50 in West Ocean City, Maryland. The motel was previously owned by the Trimper family and used to house their summer employees.
The motel sits on 3 acres of land and fronts one of the busiest blocks in West Ocean City. It’s a 34 room motel consisting of 16 one-bedroom apartments and 18 efficiencies. The motel has 14 EDU’s in sewer capacity, allowing for a newly constructed hotel in the future if the buyer decides to go that route. Todd Ferrante of TJSF LLC purchased the hotel and although he has plans to develop the site down the road, he will continue to operate it as a summer rental for now. For more information about this transaction or to learn about other available properties along the Eastern Shore contact Henry Hanna, CCIM, SIOR at firstname.lastname@example.org or 410-543-2419.
SVN-MILLER COMMERCIAL REAL ESTATE
SVN - Miller Commercial Real Estate, with offices in Salisbury, MD, Easton, MD, and Seaford, DE is a financial services firm specializing in commercial real estate. We provide advisory, brokerage, consultation, leasing and asset and property management services to clients in the Mid-Atlantic Region. We combine a comprehensive national footprint with local decision making, expertise and market-leading execution. We maintain an unequivocal commitment to our clients and community (#SVNgivesback).
SVN - Miller is an Accredited Management Organization® (AMO). Our team of dedicated professionals with market-leading knowledge includes a highly-trained staff of Certified Property Managers® (CPM®), Brokers who hold the prestigious Certified Commercial Investment Member (CCIM) designation, and members of the Society of Industrial and Office Realtors (SIOR).