Endcap Retail Unit with Flexible
For Lease
$24 SF/Yr
12741 OCEAN Gtwy SUITE 860, Ocean City, MD 21842
End cap suite formerly occupied by Gap, with open layout, restroom, fitting rooms, and overhead loading door storage.
Days on Market95
Property Features for 12741 OCEAN Gtwy SUITE 860
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1996
Listing Agency:
SVN - Miller | Salisbury
(410) 543-2440
Listed By:
Kelly Jeter · License #666318
(410) 543-2440
Source:
Elliman
Added: Apr 28
Changed: Jul 23
Last Checked: Jul 30 at 10:11AM
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 | Salisbury
Investment Insights
Based on property information with market context.
This end cap retail unit is oriented toward Route 50 and was previously occupied by Gap. The interior includes an open floor plan with a restroom, a fitting room area, a storage room with an overhead loading door, and a manager office. The space is designed to allow flexible occupancy, including the option to consolidate with neighboring units for additional space up to 20,000 SF.
Located at Outlets Ocean City along Ocean Gateway, the center benefits from visibility along a high-traffic retail corridor with approximately 32,700 VPD, and is described as minutes from the Boardwalk and beaches. The property is anchored by HomeGoods, Old Navy, Under Armour, and Coach, supporting a strong mix of year-round and peak-season activity.
Outlets Ocean City is under new ownership and management, with remarks highlighting ongoing maintenance and customer service. The suite is presented as suitable for a range of retail and service concepts seeking strong local and visitor demand in a dominant outlet shopping environment.
Located at Outlets Ocean City along Ocean Gateway, the center benefits from visibility along a high-traffic retail corridor with approximately 32,700 VPD, and is described as minutes from the Boardwalk and beaches. The property is anchored by HomeGoods, Old Navy, Under Armour, and Coach, supporting a strong mix of year-round and peak-season activity.
Outlets Ocean City is under new ownership and management, with remarks highlighting ongoing maintenance and customer service. The suite is presented as suitable for a range of retail and service concepts seeking strong local and visitor demand in a dominant outlet shopping environment.
Key Highlights
- End cap retail unit formerly occupied by Gap, facing Route 50
- Open floor plan with restroom, fitting room area, and storage room
- Storage room includes an overhead loading door
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.60 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
647
Businesses Nearby
323k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 30%
Dining 27%
Shops & Services 18%
Home Improvements & Furnishings 8%
Marshalls
Apparel
31,117 visits/mo
0.2 miles
Chick-fil-A
Dining
29,932 visits/mo
0.3 miles
HomeGoods
Home Improvements & Furnishings
25,828 visits/mo
0.1 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
$25.2 /SF/Yr
Avg Asking Price
$23–$26 /SF/Yr
Price Range
8,472 SF
Avg Space Size
This space is priced 5% below the average of $25.2 /SF/Yr.
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - End cap suite formerly occupied by Gap, with open layout, restroom, fitting rooms, and overhead loading door storage.
Where is this shopping center located?
The property is located at 12741 OCEAN Gtwy SUITE 860 Ocean City, MD.
What is the lease rate?
The lease rate is $24 SF/Yr.
What are key features of this property?
This property features: End cap retail unit formerly occupied by Gap, facing Route 50; Open floor plan with restroom, fitting room area, and storage room; Storage room includes an overhead loading door
