12325 Old Bridge Rd, Ocean City, MD 21842
For Sale
1 / 2
Unique 3.64 Acre Site - C2 Commercial Zoning in Worcester County. Many Development Possibilities. Great Road Frontage and Visibility on US Route 50 and MD 707. Owner will consider Multi Use Devleopment/Subdivision. $507,000 Annual Ground Lease - variable pricing based on potential subdivision. Owner will also consider selling the property as one lot or divided into 3 lots. Price: $6,850,000 Together or Subdivided .75 ac @ $1,612,500 1.14 ac @ $2,262,500 1.75 ac @ $2,975,000; or $507,000 Annual Ground Lease Size: 3.64 Acres w/ C2 Commercial Zoning
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.