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12524 Ocean Gateway, Ocean City, MD 21842
$200,000
12524 Ocean Gateway, Ocean City, MD 21842View this property at 12524 Ocean Gateway, Ocean City, MD 21842
12524 Ocean GatewayOcean CityMD21842
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Property Description
Former Rite Aid Building on the corner of Rt 50 Eastbound and Keyser Point Road. 12,600 sq foot building in great condition. Ample parking. Tremendous exposure. Access to Rt 50. This is a lease. Triple net. Occupancy will be immediate
Full Property Details
Full Property Details for 12524 Ocean Gateway
General
- Sold For: $200,000
- Status: Closed
- Type: Commercial Lease
- MLS ID: MDWO2017714
- Added to Site: 210 day(s) ago
Business
- Business Type: Convenience Store/Gas, Day Care Facility, Hair Salon
Rental Information
- Lease/Rent Term: More Than 60 Months
- Rent Includes: None
Interior
- Flooring: Concrete
Rooms
Bathrooms
- Restrooms: 2
Additional Information
- Security/Safety: 24 hour security, Fire Detection System
Parking
- Total Spaces: 75
- Parking Type: Parking Lot
Location
- Area: West Ocean City (85)
- County: Worcester
- Driving Directions: Rt 50 Corner of Rt 50 Eastbound and Keyser Point Road
- Traffic Count: Greater than 30000
- Location Details: Corner Lot/Unit
School Information
- Elementary School: Ocean City
- Middle School: Stephen Decatur
- High School: Stephen Decatur
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Heating Type: Forced Air
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable TV Available, Electric Available
Structural Information
- Construction: Block, Brick
- Foundation: Block
- Roof: Built-Up
- Entry Floor Number: 1
- Stories/Levels: 0
- Current Bldg. Use: Vacant
- Year Built: 2008
- Year Built Source: Assessor
- Property Condition: Very Good
Lot Features
- Lot Size (Acres): 1.6
- Lot Size (Sq. Ft.): 69,696
- Lot Size Source: Assessor
- Lot Dimensions: 200.00 x 350.00
- Street/Road Desc.: Black Top, Paved
- Fence: Yes
- Lot Features: Corner, Cleared
- Zoning: C2
- Lot Description: Corner, Cleared
Financial Considerations
- Price Per Sq. Ft.: $15.87
- Terms: Standard Sale
- Owner Pays: None
- Landlord Pays: None
- Tenant Pays: Advertising, Cable TV, Electricity, Gas, HVAC Maintenance, Taxes, Trash Removal
Disclosures and Reports
- Buyer’s Brokerage Compensation: 1.5%
- Ownership: Other
Listed and Sold by Coldwell Banker/Bud Church Rea, Ken Church
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Schools
Schools serving 12524 Ocean Gateway
School District:Worcester County Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
12828 Center Dr, Ocean City, MD 21842 | PK-4 | 0.8 mi | |
309 Franklin Ave, Berlin, MD 21811 | PK-4 | 5.1 mi | |
9815 Seahawk Rd, Berlin, MD 21811 | 7-8 | 3.9 mi | |
9913 Seahawk Rd, Berlin, MD 21811 | 9-12 | 4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 12524 Ocean Gateway
Date
Details
Price
Change
Source
5/24/2024
Sold
$200,000
—
MLS
11/20/2023
Listed
$200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
12524 Ocean Gateway, Ocean City, MD 21842 (MLS# MDWO2017714) is a Commercial Lease property that was sold at $200,000 on May 24, 2024. Want to learn more about 12524 Ocean Gateway? Do you have questions about finding other Commercial Lease real estate for sale in Ocean City? You can browse all Ocean City real estate or contact a Coldwell Banker agent to request more information.