For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
The Largest CRE Database in the US with Over 1 Million Listings

12741 Ocean Gateway Ocean City, MD 21842

View on Map
Loading data...
Loading data...
Loading data...
For Sale
$6,500,000

21.15 acres with redevelopment potential in West Ocean City, Maryland.

Type:Land
Property size:
21 SF
Added:
Nov 21, 2025
Days on Market:
136
Last Refresh:
Jan 7 at 9:40 pm

Property Features for 12741 Ocean Gateway

General Information

Standard status
Active
Size
21 SF
Property subtype
Land

We can help!

Listing Contact
Nick Pastrana Villafañe
Nick Pastrana Villafañe

Listing agent Nick Pastrana Villafañe License #17527

Listing office NICK PASTRANA

Listing date Nov 21, 2025

Source Svnmiller

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 NICK PASTRANA


Overview

21.15 Acres Redevelopment Opportunity

This 21.15-acre property, under a long-term land lease through 2083 with Ocean City Outlets, presents a redevelopment opportunity in West Ocean City, Maryland, with frontage on Route 50. The property is located just west of the bridge onto the island of Ocean City, offering visibility and access to travelers on the region’s major east-west corridor. The Ocean City Outlets retail shopping center is a 199,425 SF retail shopping center featuring a curated blend of top performing national retailers and some of Ocean City’s most beloved local retailers and restaurants. The site is located along the main Route 50 corridor just west of the Route 50 bridge heading into downtown Ocean City, one of the most highly trafficked corridors on the Eastern Shore of Maryland. The land and retail improvements can be acquired simultaneously, allowing a buyer to remove the retail-only use restriction in the land lease. A mixed-use project could include condos, a hotel, retail, and a destination conference center. As current retail leases expire or are potentially relocated or bought out, a new owner can systematically redevelop the site in phases, allowing the remaining income to help offset costs during the redevelopment. The unencumbered land recently appraised for $13.2M.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

J.Crew Factory Clothing & Fashion Store Chico's Off The Rack Clothing & Fashion Store Hanesbrands (Bike/Boat/Book/etc) Store rue21 Clothing Store The Children's Place Outlet Clothing & Fashion Store

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Ocean City
County
Worcester
State
Maryland
Longitude
-75.1067
Latitude
38.3385

FAQs

What type of property is this?
Land - 21.15 acres with redevelopment potential in West Ocean City, Maryland.
Where is this land located?
The property is located at 12741 Ocean Gateway Ocean City, MD.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Long‑term land lease (through 2083) provides stable cash flow from Ocean City Outlets.; Unique redevelopment opportunity to acquire land and retail improvements simultaneously, allowing for a mixed‑use project.; Strategic location on Route 50, the main east‑west corridor to Ocean City, offering high visibility.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message