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Ocean City Office Suites Available
For Lease
$2,843/Mo

5000 Coastal Hwy, Ocean City, MD 21842

Two office suites available for lease in Ocean City, MD.

Space SizeContact for details
Days on Market103

Property Features for 5000 Coastal Hwy

General Information

Standard status Active

Building Details

Year Built 1973
Listing Agency: Rinnier Development Co
Listed By: William Rinnier · License #514904
Source: Kandorre
Added: May 19 Changed: Aug 23 Last Checked: Aug 29 at 12:17PM

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 Rinnier Development Co

Investment Insights

Based on property information with market context.

This two-story office building is centrally located on the corner of Coastal Highway and 50th Street in Ocean City, MD, offering highway frontage and visibility. Two suites are available on the second floor. Suite 4 offers 940 square feet and Suite 6 provides 1,367 square feet. The rent for Suite 6 is $2,843 per month.

Key Highlights

  • Central location on Coastal Highway and 50th Street in Ocean City, MD
  • Great highway frontage and visibility
  • Two suites available on the second floor

Property Analytics

Current Use

Rick Proctor, Branch ... Loan Service Carol Proctor, Associate ... Real Estate Agency Closeline Settlements Law Firm Mechelle Nichols Berkshire ... Real Estate Agency Asse Aspire Charitable Organization

Suggested Use

Top Pick HVAC Service Electrical Service Plumbing Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Furniture & Home Goods

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
$0.73 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

352
Businesses Nearby

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

$9.58 /SF/Yr
Avg Asking Price
$1.11–$28 /SF/Yr
Price Range
10,240 SF
Avg Space Size

This space is priced 49% below the average of $9.58 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Two office suites available for lease in Ocean City, MD.
Where is this office units located?
The property is located at 5000 Coastal Hwy Ocean City, MD.
What is the lease rate?
The lease rate is $2,843/Mo.
What are key features of this property?
This property features: Central location on Coastal Highway and 50th Street in Ocean City, MD; Great highway frontage and visibility; Two suites available on the second floor
More about this property
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