Neighborhood Office and Retail
For Lease
$2,650/Mo
11932 Ocean Gateway Unit 1, Ocean City, MD 21842
Well-maintained center with neighborhood office and retail space along heavily traveled U.S. Route 50, with abundant parking.
Space SizeContact for details
Days on Market47
Property Features for 11932 Ocean Gateway Unit 1
General Information
Standard status
Active
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2000
Listing Agency:
Keller Williams Realty Delmarva
(410) 543-2491
Listed By:
Tonney Insley IV · License ##653457
Source:
Kandorre
Added: Jul 9
Changed: Aug 24
Last Checked: Aug 23 at 8:25AM
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 offering space for service-oriented tenants. The property is characterized by attractive architecture and long-term ownership, with an emphasis on practical day-to-day accessibility for customers and staff.
The center is located along heavily traveled U.S. Route 50 in West Ocean City, where visibility is a key feature. Parking is described as abundant, supporting convenient on-site access for car-dependent traffic patterns. Walkability is limited, with a walk score of 0 and a bike score of 25.
Available space is positioned within a stable mix of service-oriented tenants, making the center a straightforward option for businesses seeking a local, neighborhood-oriented retail and office setting with convenient parking.
The center is located along heavily traveled U.S. Route 50 in West Ocean City, where visibility is a key feature. Parking is described as abundant, supporting convenient on-site access for car-dependent traffic patterns. Walkability is limited, with a walk score of 0 and a bike score of 25.
Available space is positioned within a stable mix of service-oriented tenants, making the center a straightforward option for businesses seeking a local, neighborhood-oriented retail and office setting with convenient parking.
Key Highlights
- Built in 2000: well‑maintained neighborhood office and retail center
- Located along heavily traveled U.S. Route 50 in West Ocean City
- Abundant on‑site parking
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$0.17 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
$24.3 /SF/Yr
Avg Asking Price
$21–$26 /SF/Yr
Price Range
10,904 SF
Avg Space Size
This space is priced 95% below the average of $24.3 /SF/Yr.
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- 50st West Business Park — 12319 Ocean Gateway, Ocean City, MD 21842
Frequently Asked Questions
What type of property is this?
Shopping center - Well-maintained center with neighborhood office and retail space along heavily traveled U.S. Route 50, with abundant parking.
Where is this shopping center located?
The property is located at 11932 Ocean Gateway Unit 1 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: Built in 2000: well‑maintained neighborhood office and retail center; Located along heavily traveled U.S. Route 50 in West Ocean City; Abundant on‑site parking
