Shopping Center Retail
For Sale
$1,000,000
5601 COASTAL HIGHWAY, Ocean City, MD 21842
For-sale retail shopping center with a lease in place that must be honored.
Property Size1,390 SF
Price / SF$719.42
Days on Market68
Property Features for 5601 COASTAL HIGHWAY
General Information
Standard status
Active
Size
1,390 SF
Property subtype
Multi-Family
Taxes and HOA fees
Annual Taxes
$6,794
Amenities
Heat Pump
3
Concrete
Metal
Parking. Corner Lot.
Lot.
0.00 x 0.00
Landscaped. Corner, Close To Shops, Asphalt.
Building Details
Year Built
2010
Listing Agency:
Coldwell Banker Bud Church Realty,Inc.
(410) 524-7888
Listed By:
Ken Church · License #305250
(410) 524-7888
Source:
Xome
Added: Jun 17
Changed: Aug 23
Last Checked: Aug 15 at 3:24AM
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 Coldwell Banker Bud Church Realty,Inc.
Investment Insights
Based on property information with market context.
This for-sale retail shopping center offers storefront-level space within an existing leased configuration. The current lease must be honored as part of any transaction. The seller’s terms also note that “excluded buyers” apply, and buyers are instructed to call the listing agent before writing an offer.
Located at 5601 COASTAL Hwy 6, Ocean City, MD 21842, the property is marketed as an excellent midtown shopping center. WalkScore is reported at 52 (“Somewhat Walkable”), and BikeScore is reported at 53 (“Bikeable”).
Please note that the property is not available for showing unless the listing agent is contacted first, per the published remarks.
Located at 5601 COASTAL Hwy 6, Ocean City, MD 21842, the property is marketed as an excellent midtown shopping center. WalkScore is reported at 52 (“Somewhat Walkable”), and BikeScore is reported at 53 (“Bikeable”).
Please note that the property is not available for showing unless the listing agent is contacted first, per the published remarks.
Key Highlights
- Retail shopping center built in 2010
- Lease in place must be honored for any new buyer
- BikeScore 53 (Bikeable)
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
487
Businesses Nearby
25k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 29%
Hotels & Casinos 26%
Denny's
Dining
8,498 visits/mo
0.3 miles
Exxon
Shops & Services
3,973 visits/mo
0.3 miles
Residence Inn Ocean City
Hotels & Casinos
3,929 visits/mo
0.3 miles
7-Eleven
Shops & Services
2,868 visits/mo
0.1 miles
Best Western Ocean City Hotel & Suites
Hotels & Casinos
2,110 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
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- TownCenter — 6701 Coastal Hwy, Ocean City, MD 21842
Frequently Asked Questions
What type of property is this?
Shopping center - For-sale retail shopping center with a lease in place that must be honored.
Where is this shopping center located?
The property is located at 5601 COASTAL HIGHWAY Ocean City, MD.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Retail shopping center built in 2010; Lease in place must be honored for any new buyer; BikeScore 53 (Bikeable)
