Storefront Building with
For Sale
Contact for pricing
103 58th Street, Ocean City, MD 21842
Leased storefront building with an upstairs apartment and a five-year renewal option.
Property Size4,728 SF
Days on Market144
Property Features for 103 58th Street
General Information
Standard status
Active
Size
4,728 SF
Property subtype
Retail
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
SVN | Miller Commercial Real Estate Salisbury
(410) 543-2491
Listed By:
Tonney Insley · License #MD 653457
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 10:50PM
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 SVN | Miller Commercial Real Estate Salisbury
Investment Insights
Based on property information with market context.
This 4,728 SF storefront property includes an upstairs apartment and is occupied by Consolidated Electric Distributors. The building is located at 103 58th Street in Ocean City, Maryland.
The existing lease has a 5-year initial term and a 5-year option to renew. Rent increases by 3% annually during both the initial term and the renewal period.
The existing lease has a 5-year initial term and a 5-year option to renew. Rent increases by 3% annually during both the initial term and the renewal period.
Key Highlights
- 4,728 SF storefront building with an upstairs apartment
- Leased to Consolidated Electric Distributors
- 5‑year initial lease term
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
487
Businesses Nearby
25k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 29%
Hotels & Casinos 26%
Denny's
Dining
8,498 visits/mo
0.3 miles
Exxon
Shops & Services
3,973 visits/mo
0.3 miles
Residence Inn Ocean City
Hotels & Casinos
3,929 visits/mo
0.3 miles
7-Eleven
Shops & Services
2,868 visits/mo
0.1 miles
Best Western Ocean City Hotel & Suites
Hotels & Casinos
2,110 visits/mo
0.1 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
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Thistle Wedding & Event Florist — 5909 Coastal Hwy suite f, Ocean City, MD 21842
Frequently Asked Questions
What type of property is this?
Storefront property - Leased storefront building with an upstairs apartment and a five-year renewal option.
Where is this storefront property located?
The property is located at 103 58th Street Ocean City, MD.
What are key features of this property?
This property features: 4,728 SF storefront building with an upstairs apartment; Leased to Consolidated Electric Distributors; 5‑year initial lease term
