Listing Agency: Atlantic Shores Sotheby's International Realty r***@ryanhaley.com Show Phone

Listed By: Ryan Haley · License #580256

Source: Deepcreeklake

Added: Apr 9, 2023 Changed: Aug 22 Last Checked: Aug 22 at 9:48AM

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Investment Insights

Based on property information with market context.

This offering is a commercial land parcel suitable for a variety of business uses. The stated range of potential uses includes apartment building, auto-related uses, convenience store and/or gas, flex space, medical, general retail, professional uses, and warehouse and other industrial configurations.

The property is located at Lot 119 Ocean Gateway in Ocean City, Maryland (21842). Prospective buyers should review the applicable development and use requirements for their intended concept.

For buyers seeking land to support a planned commercial or mixed-use development, this parcel provides flexibility across several asset types referenced in the available information. Its mix of permitted use categories may appeal to owner-users and developers considering retail or professional services, medical space, flex/warehouse layouts, or auto-oriented businesses, subject to approvals and final site planning.

Key Highlights

• Commercial land suited for retail, flex, medical, and warehouse applications
• Land for a range of business uses including convenience store/gas, auto‑related, and professional uses
• Also listed for general retail, other/general retail, other uses, and other business categories

Property Analytics

Property Profile

Current Use

Warehouses

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Garden Center (Bike/Boat/Book/etc) Store Grocery & Convenience Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

272

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

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - Commercial land suited for a range of business uses including retail, flex, medical, and warehouse applications.

Where is this warehouse located?

The property is located at Lot 119 Ocean Gateway Ocean City, MD.

What is the asking price?

The asking price for this property is $2,250,000.

What are key features of this property?

This property features: Commercial land suited for retail, flex, medical, and warehouse applications; Land for a range of business uses including convenience store/gas, auto‑related, and professional uses; Also listed for general retail, other/general retail, other uses, and other business categories