The property is a historic entertainment venue that was formerly known as the “Paddock Night Club” and has operated as “CowBoy Coast.” It includes an approximately 10,000-square-foot bar building situated on nearly one acre of commercially zoned land, located a short distance from the boardwalk. The site has been identified as suitable for redevelopment, with conversion planning materials available. Transit and mobility attributes include a bike score of 50 and a walk score of 15.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?

$16k

Tax billed · 2023

Assessed value$1.12M

Effective rate1.41%

Value estimate

· Oct 2026

$4.50M

$4.05M – $4.95M

AI approach$4.50M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?

LC-1

The purpose of this district is to provide primarily for retail shopping, personal service uses, and recreational activities to meet the ...

General categoryCOMMERCIAL

JurisdictionWORCESTER

Location intelligence

Which uses thrive at this corner?

Best fit: Dental Office

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Dental Office10.8

Wholesale Shop9.4

Plumbing Service9.1

1706 Philadelphia Ave Ocean City, MD 21842-3653

County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby

Address Sale price Sold Size

9105 Coastal, Ocean City, MD 21842-2744 $910,000 Dec 2024 2,044 SF

12449 Ocean, Ocean City, MD 21842-9539 $500,000 Dec 2023 2,400 SF

11651 Coastal, Ocean City, MD 21842-2440 $850,000 Oct 2023 1,564 SF

200 Philadelphia, Ocean City, MD 21842-4130 $5,400,000 Oct 2023 1,421 SF

200 Baltimore, Ocean City, MD 21842-4021 $28,000,000 Dec 2021 2,476 SF

13804 Coastal, Ocean City, MD 21842-4439 $850,000 Dec 2020 1,530 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

Value Estimation
$240,000

1,680 SF

6301 Coastal Hwy

RESTAURANT

6301 Coastal Hwy, Ocean City, MD 21842-3037

View Details
Value Estimation
$490,000

1,371 SF

601 Atlantic Ave

RETAIL STORES (PERSONAL SERVICES)

601 Atlantic Ave, Ocean City, MD 21842-4084

View Details
Value Estimation
$160,000

2,160 SF

215 Baltimore Ave

RESTAURANT

215 Baltimore Ave, Ocean City, MD 21842-4105

View Details
Value Estimation
$400,000

2,172 SF

7307 Coastal Hwy

RESTAURANT

7307 Coastal Hwy, Ocean City, MD 21842-2933

View Details
Value Estimation
$260,000

1,254 SF

9711 Stephen Decatur Hwya

RESTAURANT

9711 Stephen Decatur Hwya, Ocean City, MD 21842-9301

View Details
Value Estimation
$360,000

2,496 SF

9923 Golf Crse Rd

FINANCIAL BUILDING

9923 Golf Crse Rd, Ocean City, MD 21842-9515

View Details

Similar Nearby for Sale

$1,200,000

1,810 SF

Conventional Restaurant Property

Existing lease in place for this established restaurant property.

5601 Coastal Hwy Unit 7, Ocean City, MD 21842

View Details
$387,500

1,580 SF

Retail/Office Condo Shop

Retail/office shop for sale within the Teal Marsh Shopping Center in West Ocean City.

9927 Stephen Decatur Highway 7f, Ocean City, MD 21842

View Details
$1,600,000

2,100 SF

NNN Convenience Store Property

Existing triple-net lease supports continued operation by the current convenience store tenant.

5601 Coastal Highway 3 & 4, Ocean City, MD 21842

View Details
$1,000,000

1,390 SF

Shopping Center Unit

Purchase is subject to honoring the existing lease.

5601 Coastal Hwy Unit 6, Ocean City, MD 21842

View Details
New

$2,750,000

2,700 SF

Concrete Grocery Building

Freestanding commercial building positioned at the base of the Rt 50 bridge with on-site parking.

106 N DIVISION STREET, Ocean City, MD 21842

View Details
$1,400,000

3,908 SF

Mixed-Use Building with Coffee Shop

DMX-zoned property combines an approved coffee shop buildout with a substantial residential component.

109 Baltimore Ave, Ocean City, MD 21842

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Similar Nearby for Lease

$26.50 SF/Yr

4,450 sqft

Versatile Retail or Office Suite

Four-hundred-plus-sq-ft suite is set up for either retail or professional use in a high-traffic corridor.

6-12720 Ocean Gtwy, Ocean City, MD 21842

View Details
$28 SF/Yr

11,100 sqft

Prime Retail/Office Space on Route 50

Highly visible 2,000 sq.ft. retail/office unit on Ocean Gateway.

12638 Ocean Gtwy, Ocean City, MD 21842

View Details
$22 SF/Yr

20,000 sqft

Prime Retail Opportunity in Ocean City

Retail and service spaces available in a vibrant shopping center.

12741 Ocean Gateway, Ocean City, MD 21842

View Details
New

$26 SF/Yr

20,468 sqft

Retail Space in High-Traffic Area

Versatile retail space in West Ocean City, high-visibility location.

12720 Ocean Gateway Unit 6, Ocean City, MD 21842

View Details
$2,650/Mo

28,705 sqft

Neighborhood Office and Retail Center

Well-maintained center with neighborhood office and retail space along heavily traveled U.S. Route 50, with abundant parking.

11932 Ocean Gateway Unit 1, Ocean City, MD 21842

View Details
Contact for pricing
30,000 sqft

Retail Storefront in Shopping Center

For-rent storefront space within Outlets Ocean City, with landlord openness to a range of concepts.

12741 Ocean Gateway, Ocean City, MD 21842

View Details

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1706 Philadelphia Ave Ocean City, MD 21842

Property summary