Listing Agency: Coldwell Banker/Bud Church Rea k***@aol.com Show Phone

Listed By: Ken Church · License #305250 Show Phone

Source: Palmerharned

Added: Jul 17 Changed: Aug 30 Last Checked: Aug 30 at 2:19AM

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Investment Insights

Based on property information with market context.

This shopping center is offered for sale with an existing lease in place. The purchaser will be required to honor the current lease. The property is located at 5601 Coastal Hwy #6 in Ocean City, Maryland.

Key Highlights

• Existing lease must be honored by the purchaser
• Located at 5601 COASTAL HWY #6, Ocean City, MD 21842

Property Analytics

Current Use

Shopping centers

Location Intelligence

Trade Area within ½ mile

366

Businesses Nearby

10k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 70% Apparel 30%

Exxon Shops & Services

4,613 visits/mo 0.4 miles

South Moon Under Apparel

2,879 visits/mo 0.2 miles

XFINITY Store by Comcast Shops & Services

2,136 visits/mo 0.3 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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this shopping centers located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Shopping center - Existing lease obligations continue with the property.

Where is this shopping center located?

The property is located at 5601 COASTAL HWY #6 6 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: Existing lease must be honored by the purchaser; Located at 5601 COASTAL HWY #6, Ocean City, MD 21842