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$375,000
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Property Description
This expansive 6.9-acre land parcel presents a unique investment opportunity, ideal for those looking to capitalize on location. The property was the previous home to a once thriving trailer sales business which is no longer in operation. 2 40x40 buildings offer the bones of an office with showroom space, private offices and half bath. A second 40x40 structure along with 240v outlets, 200A service and twin 12x12 overhead doors is strengthened with steel beams. The trailer sales and repair business previously operated under a zoning variance. To operate another business from this location, one would need a new variance from the county. With a respectable 26,000 average daily traffic count, this property benefits from a rural atmosphere while still being accessible to passing vehicles from either of the two gated entrances. The surrounding landscape not only enhances the aesthetic value but also provides opportunities for outdoor activities, making it attractive for potential buyers seeking a lifestyle that combines nature with convenience. This 6.9-acre parcel is a canvas for future development and investment. With its scenic views, strategic location, and potential for diverse uses, this land offers an exceptional opportunity for investors looking to invest along the Rt 50 corridor. Don't miss the chance to secure a valuable asset in a thriving sector.
Full Property Details
Full Property Details for 24420 Ocean Gateway
General
- Sold For: $375,000
- Taxes: $1,022 (2025)
- Status: Closed
- Type: Lots/Land
- Source: BrightMLSMidAtlantic
- MLS ID: MDWC2020016
- Added to Site: 257 day(s) ago
Location
- Area: Wicomico Northwest (23-01)
- County: WICOMICO
- Driving Directions: From traffic light in Mardela Springs, head west on Rt 50, property on right. Creighton’s Trailer Sales sign.
- Location Details: Rural
School Information
- School District: Wicomico County Public Schools
Utilities
- Sewer: Septic Exists
- Water: Well
Structural Information
- Current Bldg. Use: Agriculture, Investment, Land/Lot Only, Office, Recreation, Restaurant, Vacant
Additional Structures
- Other Structures: Garage(s), Office/Studio
Lot Features
- Property View: Trees/Woods, Street
- Lot Size (Acres): 6.9
- Wooded Acres: 5
- Lot Size (Sq. Ft.): 300,564
- Lot Size Source: Estimated
- Frontage Feet: 420
- Street/Road Desc.: Access - Above Grade, Black Top, US Highway/Interstate
- Zoning: AR
- Fencing (Description): Chain Link
Financial Considerations
- Price Per Sq. Ft.: $1.08
- Assessment Year: 2025
- City/TownTax Freq: Annually
- County Tax: $903
- County Tax Freq: Annually
- Tax w/Assessment: $108,767
- Tax Amount: $1,022
- Tax Year: 2025
- Terms: Standard Sale
Disclosures and Reports
- Ownership: Fee Simple
- Permits: Other
- Inclusions: Hoist
Listed by Northrop Realty, Tom Ruch
Sold by Benson & Mangold, LLC, Bryan D Wieland
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Schools
Schools serving 24420 Ocean Gateway
School District:Wicomico County Public Schools
| Name | Grades | Distance |
|---|---|---|
Northwestern Elementary School 9975 Sharptown Road, Mardela Springs, MD 21837 | PK-5 | 1 mi |
Mardela Middle & High School 24940 Delmar Road, Mardela Springs, MD 21837 | 6-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 24420 Ocean Gateway
Date
Details
Price
Change
Source
6/09/2026
Sold
$375,000
15.38%
MLS
10/01/2025
Listed
$325,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
24420 Ocean Gateway, Mardela Springs, MD 21837 (MLS# MDWC2020016) is a Lots/Land property that was sold at $375,000 on June 09, 2026. Want to learn more about 24420 Ocean Gateway? Do you have questions about finding other Lots/Land real estate for sale in Mardela Springs? You can browse all Mardela Springs real estate or contact a Coldwell Banker agent to request more information.

