12817 Harbor Rd, Ocean City, MD 21842
For Sale
1 / 6
This exceptional $7,000,000 mixed-use investment opportunity in Ocean City, Maryland, presents a unique blend of commercial and residential income streams. Located at 12817 Harbor Rd, this property encompasses four parcels totaling 1.6 acres and boasts a prime deepwater marina-fronting location with 11 boat slips. The centerpiece is Pier 23 Restaurant, a fully equipped and operational establishment. Significant additional income is generated by an accompanying apartment building, providing a stable and diversified revenue stream. The property benefits from CM & C2 zoning, allowing for a variety of potential uses and future development possibilities. Convenient parking is also included, located directly across the street from the restaurant and apartment building. Situated in Worcester County, Maryland, with a zip code of 21842, this property offers unparalleled access to the vibrant Ocean City waterfront and its thriving tourism industry. The strategic location and diverse income streams make this a compelling investment opportunity with significant potential for long-term growth and profitability. This is a rare chance to acquire a well-established, income-producing property in a highly desirable location.
-
OC Bay Hopper Freight Service Logistics Company
-
Salty Siren, OC Siren (Bike/Boat/Book/etc) Store
-
Go With The Flow MD (Bike/Boat/Book/etc) Store
-
Sail Alyosha (Bike/Boat/Book/etc) Store
-
Pier 23 Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CM · Ocean City, MDOcean City. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.