Retail Space in Strip
For Lease
$28 SF/Yr
12638 OCEAN Gateway, Ocean City, MD 21842
CommercialLease, OCEAN CITY, MD
Space Size2,500 SF - 5,000 SF
Lot Size1.43 Acres
Days on Market61
Property Features for 12638 OCEAN Gateway
General Information
Property type
Other
Property subtype
Retail
Parking
75
Parking features
Special Needs, Parking Lot
Elementary school district
WORCESTER COUNTY PUBLIC SCHOOLS
Middle school district
WORCESTER COUNTY PUBLIC SCHOOLS
High school district
WORCESTER COUNTY PUBLIC SCHOOLS
Standard status
Active
Lot size
1.43 Acres
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Amenities
large storefront windows
ample parking
Building Details
Year built
2005
Number of units
1
Building materials
Dryvit, Stone, Stucco
Listing Agency:
SVN/Miller Commercial Real Estate
(410) 543-2440
Listed By:
Florence Brotzman · License #597618
(410) 543-2419
Added: Jul 10
Changed: Sep 5
Last Checked: Sep 8 at 10:06AM
MLS# MDWO2039572
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5,000-square-foot retail space occupies a modern strip-center setting at 12638 Ocean Gateway in Ocean City, Maryland. The interior is primarily open, with a small office, storage room, and two restrooms. Large storefront windows provide substantial glass exposure, while the layout can be divided into two 2,500-square-foot units. Heat pump systems provide heating and cooling, and the property was constructed in 2005 with Dryvit, stone, and stucco exterior materials.
The 1.43-acre property includes a parking lot and is positioned along Ocean Gateway, where reported traffic counts exceed 33,000 vehicles daily. Taxes and insurance are included in the lease structure; tenants are responsible for utilities and liability and contents insurance.
The 1.43-acre property includes a parking lot and is positioned along Ocean Gateway, where reported traffic counts exceed 33,000 vehicles daily. Taxes and insurance are included in the lease structure; tenants are responsible for utilities and liability and contents insurance.
Key Highlights
- 5,000 SF retail space with a primarily open interior
- Can be divided into two 2,500‑square‑foot units
- Two restrooms plus office and storage areas
Property Analytics
Property Profile
Current Use
Lease Details
33,000 VPD
Traffic count
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$4.20 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
672
Businesses Nearby
283k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 34%
Shops & Services 23%
Dining 14%
Home Improvements & Furnishings 9%
Marshalls
Apparel
31,117 visits/mo
0.2 miles
Wawa
Shops & Services
29,205 visits/mo
0.3 miles
HomeGoods
Home Improvements & Furnishings
25,828 visits/mo
0.4 miles
Food Lion Grocery Store
Groceries
20,445 visits/mo
0.3 miles
Staples
Office Supplies
18,495 visits/mo
0.2 miles
Demographics for 21842, MD
11,104
Population
32,684
Households
0.3
Avg Household Size
53
Median Age
39%
College-Educated
95%
High-School Grad
9.2 sq mi
ZIP Area
1,207
Density / Sq Mi
$75,372
Median Household Income
$40,189
Median Earnings
$1,258
Median Rent
$415,900
Median Home Value
Market
Lease Benchmarks for Ocean City, MD
$25.05 /SF/Yr
Avg Asking Price
$20–$28 /SF/Yr
Price Range
9,050 SF
Avg Space Size
This space is priced 12% above the average of $25.05 /SF/Yr.
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Modern retail space with storefront glazing, parking, and a flexible open interior for commercial occupants.
Where is this retail space located?
The property is located at 12638 OCEAN Gateway Ocean City, MD.
What is the lease rate?
The lease rate is $28 SF/Yr.
What are key features of this property?
This property features: 5,000 SF retail space with a primarily open interior; Can be divided into two 2,500‑square‑foot units; Two restrooms plus office and storage areas
