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Retail Storefront Suite with Fitting Rooms
For Lease
$24 SF/Yr

12741 OCEAN Gtwy SUITE 840, Ocean City, MD 21842

Former Hanes space with an open layout, three fitting rooms, two restrooms, storage, and manager office.

Space SizeContact for details
Days on Market130

Property Features for 12741 OCEAN Gtwy SUITE 840

General Information

Standard status Active
Property subtype Commercial
Lease Term Flexible

Additional Details

Traffic Count 32,700 vehicles/day

Building Details

Year Built 1996
Listing Agency: SVN - Miller | Salisbury
Listed By: Ryan Finnegan · License #3487634
Source: Elliman
Added: Apr 28 Changed: Aug 14 Last Checked: Sep 1 at 8:34PM

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.

Former Hanes retail storefront suite with an open floor plan, three fitting rooms, two restrooms (customer and employee), a storage room, and a manager office. The space can be consolidated with neighboring units for additional square footage up to 20,000 SF.

The center is located on Ocean Gateway in Ocean City, Maryland, along a corridor with approximately 32,700 vehicles per day, minutes from the Boardwalk and beaches. Outlets Ocean City is anchored by HomeGoods, Old Navy, Under Armour, and Coach, and reports attracting over 8 million annual visitors with a seasonal population surge to approximately 320,000+.

Suites like this are designed for retailers and service users that want a flexible footprint within a major, high-traffic shopping destination.

Key Highlights

  • Former Hanes retail space (built 1996) with an open floor plan plus 3 fitting rooms
  • Includes two restrooms (customer and employee), a storage room, and a manager office
  • Ability to consolidate with neighboring units for additional square footage up to 20,000 SF

Property Analytics

Current Use

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

Top Pick Dental Office Building Supply Auto Parts Store Big Box & Wholesale Store Cafe & Coffee Shop Grocery & Convenience 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

32,700 VPD
Traffic count
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

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

$22.44 /SF/Yr
Avg Asking Price
$1.11–$26 /SF/Yr
Price Range
12,684 SF
Avg Space Size

This space is priced 7% above the average of $22.44 /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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Former Hanes space with an open layout, three fitting rooms, two restrooms, storage, and manager office.
Where is this shopping center located?
The property is located at 12741 OCEAN Gtwy SUITE 840 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: Former Hanes retail space (built 1996) with an open floor plan plus 3 fitting rooms; Includes two restrooms (customer and employee), a storage room, and a manager office; Ability to consolidate with neighboring units for additional square footage up to 20,000 SF
More about this property
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