Building Details

Year Built 1945

Buildings 1

Units 3

Tenancy Multi

Listing Agency: CENTURY 21 Commercial New Millennium j**@riptidegrp.com Show Phone

Listed By: James Marcum · License #5005906 Show Phone

Source: Elliman

Added: May 8 Changed: Aug 30 Last Checked: Aug 30 at 4:31PM

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Investment Insights

Based on property information with market context.

This three-unit mixed-use property includes two commercial spaces and one residential unit, each served by its own electric meter. One commercial unit is in turn-key condition, while the second offers functional space requiring light tenant fit-up. The residential unit is arranged as a one-bedroom apartment with a kitchen, living area, and full bath and requires complete renovation.

The property is offered strictly as-is. Required capital work includes the roof, gutters, and exterior decking. The building occupies the end of North Beach Boardwalk within a retail and restaurant corridor, with nearby boardwalk attractions, public beach access, and the Chesapeake Bay. Established restaurants, retail shops, seasonal tourism, and local community activity contribute to the surrounding setting. Built in 1945, the property has a 66 walk score and a 57 bike score.

Key Highlights

• Three‑unit configuration with 2 commercial spaces and 1 residential unit
• Separate electric meter serving each unit
• One commercial unit in turn‑key condition; second requires light tenant fit‑up

Property Analytics

Property Profile

Current Use

Storefront properties

Suggested Use

Top Pick Auto Repair Shop Building Supply Auto Parts Store Hair Salon Restaurant Dental Office

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

1

Residential units

Multi-tenant

Tenancy

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

265

Businesses Nearby

7k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Citgo Shops & Services

6,984 visits/mo 0.2 miles

Demographics for 20714, MD

4,036

Population

1,973

Households

2

Avg Household Size

41

Median Age

40%

College-Educated

98%

High-School Grad

1.4 sq mi

ZIP Area

2,883

Density / Sq Mi

$88,612

Median Household Income

$50,855

Median Earnings

$1,829

Median Rent

$362,900

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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Frequently Asked Questions

What type of property is this?

Mixed-use property - Waterfront boardwalk setting with two commercial units and a residential unit under separate electric metering.

Where is this mixed-use property located?

The property is located at 9122 BAY Ave North Beach, MD.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: Three‑unit configuration with 2 commercial spaces and 1 residential unit; Separate electric meter serving each unit; One commercial unit in turn‑key condition; second requires light tenant fit‑up