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Concrete Grocery Building
New
For Sale
$2,750,000

106 N DIVISION St, Ocean City, MD 21842

Freestanding commercial building positioned at the base of the Rt 50 bridge with on-site parking.

Property Size2,624 SF
Price / SF$1,048
Days on Market2

Property Features for 106 N DIVISION St

General Information

Standard status Active
Size 2,624 SF
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $16,563

Building Details

Year Built 1985
Units 1
Construction concrete
Listing Agency: Coldwell Banker Bud Church Realty,Inc.
Listed By: Ken Church · License #305250
Source: Elliman
Added: Aug 9 Changed: Aug 10 Last Checked: Aug 10 at 3:16AM

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 Coldwell Banker Bud Church Realty,Inc.

Investment Insights

Based on property information with market context.

This grocery and convenience store property includes a 2624 sq ft concrete building constructed in 1985. The commercial structure sits at the base of the Rt 50 bridge and includes on-site parking described as ample.

The location is in Ocean City, Maryland, at 106 N Division St. The surrounding area receives in excess of 7 million visitors each year. WalkScore is 61, rated Somewhat Walkable, while BikeScore is 68, rated Bikeable.

Key Highlights

  • 2624 sq ft concrete building
  • Constructed in 1985
  • Located at the base of the Rt 50 bridge

Property Analytics

Current Use

7-Eleven Grocery & Convenience Store Citibank ATM Atm Western Union Bank

Suggested Use

Top Pick Dental Office Plumbing Service (Bike/Boat/Book/etc) Store Hair Salon Auto Parts Store Carpet & Flooring Store

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

Location Intelligence

Trade Area within ½ mile

936
Businesses Nearby
13k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Hotels & Casinos 85% Shops & Services 15%
Cambria Hotel Ocean City - Bayfront Hotels & Casinos
10,467 visits/mo 0.2 miles
7-Eleven Shops & Services
1,899 visits/mo 0.1 miles
Comfort Inn Hotels & Casinos
416 visits/mo 0.5 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

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Similar Off Market Nearby

  • Candy Kitchen Shoppes 218 Dorchester St, Ocean City, MD 21842
  • Candy Kitchen 402 S Atlantic Ave, Ocean City, MD 21842

Frequently Asked Questions

What type of property is this?
Grocery and convenience store - Freestanding commercial building positioned at the base of the Rt 50 bridge with on-site parking.
Where is this grocery and convenience store located?
The property is located at 106 N DIVISION St Ocean City, MD.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 2624 sq ft concrete building; Constructed in 1985; Located at the base of the Rt 50 bridge
More about this property
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