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Hotel Property
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For Lease
$120,000

12536 OCEAN Gtwy, Ocean City, MD 21842

Hotel property constructed in 2016 with car-dependent access and limited walkability.

Space SizeContact for details
Days on Market3

Property Features for 12536 OCEAN Gtwy

General Information

Standard status Active
Property subtype Commercial
Lease Term Flexible

Building Details

Year Built 2016
Units 3
Listing Agency: SVN - Miller | Salisbury
Listed By: Bret Davis · License #653457
Source: Elliman
Added: Aug 19 Changed: Aug 20 Last Checked: Aug 21 at 9:48AM

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 | Salisbury

Investment Insights

Based on property information with market context.

This hotel property was constructed in 2016. The surrounding area records a Walk Score of 40, indicating car-dependent access, while the Bike Score is 38, classified as somewhat bikeable.

Key Highlights

  • Constructed in 2016
  • Walk Score of 40; classified as car‑dependent
  • Bike Score of 38; classified as somewhat bikeable

Property Analytics

Current Use

Microtel Inn & Suites ... Hotel & Motel

Suggested Use

Top Pick Building Supply Auto Parts Store Dental Office Big Box & Wholesale Store Grocery & Convenience Store Veterinary Clinic

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

674
Businesses Nearby
170k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 32% Apparel 19% Dining 17% Groceries 12%
Marshalls Apparel
31,117 visits/mo 0.4 miles
Wawa Shops & Services
29,205 visits/mo 0.1 miles
Food Lion Grocery Store Groceries
20,445 visits/mo 0.4 miles
Staples Office Supplies
18,495 visits/mo 0.4 miles
Hallmark Shops & Services
14,243 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
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Frequently Asked Questions

What type of property is this?
Hotel - Hotel property constructed in 2016 with car-dependent access and limited walkability.
Where is this hotel located?
The property is located at 12536 OCEAN Gtwy Ocean City, MD.
What is the lease rate?
The lease rate is $120,000.
What are key features of this property?
This property features: Constructed in 2016; Walk Score of 40; classified as car‑dependent; Bike Score of 38; classified as somewhat bikeable
More about this property
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