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Neighborhood Office and Retail Center
For Lease
$2,650/Mo

1-11932 Ocean Gtwy, Ocean City, MD 21842

Mixed-use center along US Route 50 with office and retail space and abundant on-site parking.

Space SizeContact for details
Days on Market62

Property Features for 1-11932 Ocean Gtwy

General Information

Standard status Active

Site & Location

Highway Access Yes
Road Access Yes

Building Details

Tenancy Multi
Listing Agency: Keller Williams Realty Delmarva
Listed By: Tonney Insley IV · License ##653457
Source: Exprealty
Added: Jul 7 Changed: Aug 20 Last Checked: Sep 5 at 10:52AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Delmarva

Investment Insights

Based on property information with market context.

Ocean Gateway Center is a well-maintained neighborhood office and retail center featuring a mix of office units and retail space. The property is described as having attractive architecture and long-term ownership.

Located along heavily traveled US Route 50 in West Ocean City, the center benefits from strong visibility and abundant parking. The tenant mix is described as service-oriented and stable.

The available space is suited for businesses seeking a neighborhood commercial presence that combines office and retail options within one center.

Key Highlights

  • Neighborhood office and retail center along heavily traveled US Route 50 in West Ocean City
  • Mixed‑use property with both office and retail space
  • Abundant on‑site parking

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Garden Center (Bike/Boat/Book/etc) Store Grocery & Convenience Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

272
Businesses Nearby

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

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Mixed-use center along US Route 50 with office and retail space and abundant on-site parking.
Where is this mixed-use property located?
The property is located at 1-11932 Ocean Gtwy Ocean City, MD.
What is the lease rate?
The lease rate is $2,650/Mo.
What are key features of this property?
This property features: Neighborhood office and retail center along heavily traveled US Route 50 in West Ocean City; Mixed‑use property with both office and retail space; Abundant on‑site parking
More about this property
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