Prime Retail/Office Space on Route
For Lease
$28 SF/Yr
12638 Ocean Gtwy, Ocean City, MD 21842
Highly visible 2,000 sq.ft. retail/office unit on Ocean Gateway.
Space Size5,000 SF
Property Size11,100 SF
Days on Market206
Property Features for 12638 Ocean Gtwy
General Information
Standard status
Active
Size
5,000 SF
Class
C
Property subtype
Retail/Office Space for Lease
Lease Term
Gross
Building Details
Building Size
11,100 SF
Year Built
2005
Spaces For Lease
at 12638 Ocean Gtwy Contact us- Size
- 5,000 SF
- Type
- Street Retail
- Term
- Negotiable
12638 Ocean Gateway, Ocean City, Md Unit 1 $28/SF/Yr
Listing Agency:
SVN | Miller Commercial Real Estate Salisbury
(410) 726-0966
Listed By:
Flo Brotzman · License #MD #597618
(410) 726-0966
Source:
Svnmiller
Added: Jan 27
Changed: Aug 8
Last Checked: Aug 20 at 5:02AM
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 prime commercial space is situated in an attractive strip center, offering a highly visible location with a traffic count exceeding 33,000 vehicles daily. The 2,000 sq.ft. unit is ideally suited for retail, professional services, or office use. The property is modern and well-maintained, featuring ample parking, large storefront windows, and a versatile interior space to accommodate various business needs. The current layout, designed for a retail store, includes two large open areas, an office or kitchenette area, and one restroom. Located along Ocean Gateway (Route 50), the property benefits from easy access and great visibility. Signage is available. The attractive lease rate is $20 per sq.ft., with the tenant responsible for utilities and insurance.
Key Highlights
- Highly visible location on Ocean Gateway (Route 50) with high traffic count (over 33,000 daily).
- Attractive lease rate of $20 per sq.ft. (tenant pays only utilities and insurance).
- Versatile 2,000 sq.ft. interior space suitable for retail, professional services, or office use.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$4.20 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
672
Businesses Nearby
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
$25.68 /SF/Yr
Avg Asking Price
$23–$28 /SF/Yr
Price Range
8,653 SF
Avg Space Size
This space is priced 9% above the average of $25.68 /SF/Yr.
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Highly visible 2,000 sq.ft. retail/office unit on Ocean Gateway.
Where is this retail space located?
The property is located at 12638 Ocean Gtwy Ocean City, MD.
What is the lease rate?
The lease rate is $28 SF/Yr.
What are key features of this property?
This property features: Highly visible location on Ocean Gateway (Route 50) with high traffic count (over 33,000 daily).; Attractive lease rate of $20 per sq.ft. (tenant pays only utilities and insurance).; Versatile 2,000 sq.ft. interior space suitable for retail, professional services, or office use.
