Mixed-Use Building with Coffee
For Sale
$1,400,000
109 Baltimore Ave, Ocean City, MD 21842
DMX-zoned property combines an approved coffee shop buildout with a substantial residential component.
Property Size3,908 SF
Price / SF$358.24
Days on Market80
Property Features for 109 Baltimore Ave
General Information
Standard status
Active
Size
3,908 SF
Zoning
DMX
Building Details
Year Built
1935
Buildings
1
Listing Agency:
Coldwell Banker Realty
Listed By:
Shawn Kotwica · License #653192
(724) 840-0572
Source:
Kandorre
Added: Jul 28
Changed: Oct 12
Last Checked: Oct 7 at 3:42PM
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 Realty
Investment Insights
Based on property information with market context.
This 3,908-square-foot mixed-use property, built in 1935, combines an approved coffee shop buildout with a five-bedroom, 3.5-bath residence. The layout includes generous living areas, an unfinished lower level, and on-site parking. The lower level offers additional space for future residential, rental, or recreational use as permitted.
Zoned DMX, the property supports both residential and commercial use. Its address at 109 Baltimore Ave places it in downtown Ocean City, Maryland, within a short walk of the beach, Ocean City Boardwalk, Trimper Rides, Jolly Roger Amusement Park, and Thrasher’s Fries. The building’s mixed-use configuration provides a combination of existing residential space and commercial buildout.
Zoned DMX, the property supports both residential and commercial use. Its address at 109 Baltimore Ave places it in downtown Ocean City, Maryland, within a short walk of the beach, Ocean City Boardwalk, Trimper Rides, Jolly Roger Amusement Park, and Thrasher’s Fries. The building’s mixed-use configuration provides a combination of existing residential space and commercial buildout.
Key Highlights
- 3,908 SF mixed‑use property at 109 Baltimore Ave, Ocean City, MD 21842
- Five‑bedroom, 3.5‑bath residential component
- Approved coffee shop currently being built out
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,094
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,121,880
$1.1M
Cap Rate 7%
$801,343
$801.3K
Cap Rate 9%
$623,267
$623.3K
Market Conditions
NOI Build-Up for 3,908 SF
Gross rent
$78.3K $20.04/SF
− Vacancy
−$3.5K −$0.90/SF
EGI
$74.8K $19.14/SF
− OpEx
−$18.7K −$4.78/SF
NOI
$56.1K $14.35/SF
Area
Worcester County, MD
Vacancy
4.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,121,880
Cap Rate 7%
$801,343
Cap Rate 9%
$623,267
Alternative Uses
Best Use
Specialty Retail
$801.3K
$701.2K – $934.9K
NOI $56,094 @ 7.0% cap · market cap 4.01%
Second Best
Retail
$576.9K
$504.8K – $673.1K
NOI $40,386 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$939.1K
$821.7K – $1.10M
NOI $65,739 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,010
Businesses Nearby
13k
Monthly Visits Nearby
Explore this area
Business Placement
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
0.2 miles
Comfort Inn
Hotels & Casinos
416 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - DMX-zoned property combines an approved coffee shop buildout with a substantial residential component.
Where is this mixed-use property located?
The property is located at 109 Baltimore Ave Ocean City, MD.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 3,908 SF mixed‑use property at 109 Baltimore Ave, Ocean City, MD 21842; Five‑bedroom, 3.5‑bath residential component; Approved coffee shop currently being built out
