12032 Ocean Gateway Highway Ocean City, MD
$ 2,440,000
Property Attributes
  • MLS#MDWO121770
  • TypeCommercial
  • CityOcean City
  • AreaWorcester East of Rt-113
  • Zip21842
  • StyleWarehouse,Apartment Building
  • Year Built1930
  • Taxes$ 6491
  • Price$ 2,440,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage15000
  • Lot Size6.82 Acres
Listing Provided Courtesy Of:
Newport Bay Realty
Data Source:
Bright MLS
Property Description

Property to be sold is Map 26, Prcl 383, approx 2.71 acres, plus approx 4.11 acres from Prcl 132 via a lot line adjustment for a total of approx 6.82 acres. Prcl 383 includes a 2 apartments, 4 cottages, 1 workshop and miscellaneous outbuildings. The approx 4.11 acres from Prcl 132 includes an approx 11,500 sf warehouse. 2,030 gallons per day total sewage capacity. 371 ft frontage on Rt. 50. Great income producing property and redevelopment opportunity! Call for details!

Price History
4/16/2021 Listed $2,440,000

General Features

Accessibility None
Business Type Warehouse, Apartment Building
Construction Materials Aluminum Siding
Cool Fuel Electric
Cooling Central A/C
Days on Market 58
Heating Heat Pump - Electric BackUp
MLS Area Worcester East of Rt-113
Municipality Ocean City
New Construction No
Ownership Fee Simple
Possession Settlement
Price Per Sq Ft 122.0
Property SubType Mixed Use
Property Type Commercial Sale
Sewer Public Sewer
Tax Annual Amount 6491.0
Tax Year 2020
Vacation Rental Y/N No
Water Access Y/N No
Zoning C2

Interior Features

Central Air Y/N Yes
Heating Fuel Electric
Heating Y/N Yes
Hot Water Propane

Exterior Features

Building Area Total 20000.00
Car Parking Spaces 10
Lot Dimensions 0.00 x 0.00
Lot Size Acres 6.82
Lot Size Source Estimated
Lot Size Square Feet 297079.20
Navigable Water Y/N No
Total Parking Spaces 12
Type of Parking Parking Lot
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 21842

AVG $850K
AVG $6,526
AVG 80
Year Built
AVG 1979
AVG 47
Data Provided by Walkscore ® not using MLS data

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