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Retail Space
For Lease
$26 SF/Yr

12720 OCEAN GATEWAY 4, Ocean City, MD 21842

A 2017-built retail property offers central air and C2 zoning in Ocean City.

Space SizeContact for details
Property Size20,468 SF
Days on Market37

Property Features for 12720 OCEAN GATEWAY 4

General Information

Standard status Active
Size 20,468 SF
Total Parking Spaces 77
Zoning C2

Amenities

Accessible Doors
Central Air
Electric, Heat Pump
Electric Water Heater
Paved, On Street, Parking Lot

Building Details

Building Size 20,468 SF
Year Built 2017
Listing Agency: Coastal Life Realty Group LLC
Listed By: Joseph Wilson · License #633148
Source: Evrealestate
Added: Aug 31 Changed: Oct 6 Last Checked: Oct 5 at 6:23PM

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 Coastal Life Realty Group LLC

Investment Insights

Based on property information with market context.

This retail property was built in 2017 and includes central air, electric heat pump heating, and an electric water heater. The site has paved parking, with additional on-street parking available.

Located in Ocean City, the property is zoned C2. Its address is 12720 Ocean Gateway, Suite 4.

Key Highlights

  • Built in 2017
  • Central air conditioning
  • Electric heat pump heating and electric water heater

Property Analytics

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Current Use

Tequila Mockingbird Restaurant Park Place Jewelers (Bike/Boat/Book/etc) Store Dolle's Candyland West ... Specialty Food Shop Park Place Plaza Shopping Center & Mall Dolle's Candyland, West ... Specialty Food Shop

Suggested Use

Top Pick Dental Office Building Supply Auto Parts Store Cafe & Coffee Shop Grocery & Convenience Store Carpet & Flooring Store

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
$3.90 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

756
Businesses Nearby
335k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Apparel 29% Shops & Services 26% Dining 21% Home Improvements & Furnishings 8%
Marshalls Apparel
31,117 visits/mo 0.2 miles
Chick-fil-A Dining
29,932 visits/mo 0.4 miles
Wawa Shops & Services
29,205 visits/mo 0.5 miles
HomeGoods Home Improvements & Furnishings
25,828 visits/mo 0.3 miles
Food Lion Grocery Store Groceries
20,445 visits/mo 0.1 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Ocean City, MD

$22.24 /SF/Yr
Avg Asking Price
$1.11–$26 /SF/Yr
Price Range
16,897 SF
Avg Space Size

This space is priced 17% above the average of $22.24 /SF/Yr.

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?
Shopping center - A 2017-built retail property offers central air and C2 zoning in Ocean City.
Where is this shopping center located?
The property is located at 12720 OCEAN GATEWAY 4 Ocean City, MD.
What is the lease rate?
The lease rate is $26 SF/Yr.
What are key features of this property?
This property features: Built in 2017; Central air conditioning; Electric heat pump heating and electric water heater
More about this property
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