Prime Retail/Office Space
For Lease
$28 SF/Yr
12638 Ocean Gtwy, Ocean City, MD 21842
Highly visible retail or office space on Ocean Gateway.
Space Size5,000 SF
Property Size11,100 SF
Days on Market168
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 | Easton
(410) 726-0966
Listed By:
Flo Brotzman · License #MD #597618
(410) 726-0966
Source:
Svn
Added: Mar 6
Changed: Aug 21
Last Checked: Aug 21 at 5:01AM
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 | Easton
Investment Insights
Based on property information with market context.
This commercial space is located in an attractive strip center with high visibility and a traffic count exceeding 33,000 vehicles daily. The property is suitable for retail, professional services, or office use. The modern and well-maintained space features ample parking, large storefront windows, and a versatile interior. The current layout, designed for a retail store, includes two large open areas, an office or kitchenette area, and one restroom. The property is a 2,000 sq.ft. retail/office unit located on Ocean Gateway (Route 50). Signage is available. The location offers easy access and great visibility.
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
283k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 34%
Shops & Services 23%
Dining 14%
Home Improvements & Furnishings 9%
Marshalls
Apparel
31,117 visits/mo
0.2 miles
Wawa
Shops & Services
29,205 visits/mo
0.3 miles
HomeGoods
Home Improvements & Furnishings
25,828 visits/mo
0.4 miles
Food Lion Grocery Store
Groceries
20,445 visits/mo
0.3 miles
Staples
Office Supplies
18,495 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
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Highly visible retail or office space 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.
