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$359,900
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Property Description
23± acres of exceptional opportunity on one of the Eastern Shore's busiest commercial corridors. Located directly on Ocean Gateway (Route 50) and across from the recently opened Tidal Roots development, this unique property offers approximately 1,200 feet of road frontage, providing outstanding visibility and accessibility for a wide range of future uses. The property includes two existing residences, including one currently occupied by a tenant, offering potential holding income while future plans are developed. Whether your vision includes commercial development, mixed-use, hospitality, medical, retail, office space, multifamily housing, or a long-term investment, this property offers the size, frontage, and location to bring those ideas to life (subject to county approvals and zoning requirements). As Salisbury and the Route 50 corridor continue to experience growth, opportunities of this scale and visibility are becoming increasingly rare. If you're looking for a property with exceptional exposure and virtually unlimited potential, this is one you won't want to miss.
Full Property Details
Full Property Details for 27793 Ocean Gateway
General
- Price: $359,900
- Taxes: $2,230 (2025)
- Status: Active
- Type: Single Family
- Source: BrightMLSMidAtlantic
- MLS ID: MDWC2023848
- Updated: 7/21/2026
- Added to Site: 49 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Main Floor Baths: 2
- Main - Full Baths: 2
Bedrooms
- Total Bedrooms: 3
- Bedrooms Main & Up: 3
Parking
- Parking Type: Driveway
Location
- Area: Wicomico Northwest (23-01)
- County: WICOMICO
- Driving Directions: 27793 Ocean Gtwy; across from Tidal Roots
School Information
- School District: Wicomico County Public Schools
- Middle School: Salisbury
- High School: James M. Bennett
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Heat Pump(s)
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Low Pressure Pipe (LPP)
- Water: Well
Structural Information
- Architectural Style: Farmhouse/National Folk
- Structure Type: Detached
- Construction: Stick Built
- Foundation: Crawl Space
- Stories Description: Main
- Square Feet: 2,329
- Sq. Ft. Source: Assessor
- Living Area: 2,329 Sq. Ft.
- Finished Above Grnd: 2,329 Sq. Ft.
- Year Built: 1935
- Year Built Source: Assessor
Lot Features
- Lot Size (Acres): 23
- Lot Size (Sq. Ft.): 1,001,880
- Lot Size Source: Assessor
- Zoning: A
Financial Considerations
- Price Per Sq. Ft.: $154.53
- Assessment Year: 2026
- County Tax: $1,959
- County Tax Freq: Annually
- Tax w/Assessment: $264,100
- Tax Amount: $2,230
- Tax Year: 2025
- Tax Total Finished Sq. Ft.: 2329
Disclosures and Reports
- Ownership: Fee Simple
Listed by Keller Williams Realty, William P Brown
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Schools
Schools serving 27793 Ocean Gateway
School District:Wicomico County Public Schools
| Name | Grades | Distance |
|---|---|---|
Pemberton Elementary School, Salisbury, MD 1300 Pemberton Drive, Salisbury, MD 21801 | PK-5 | 3.6 mi |
Salisbury Middle School 607 Morris Street, Salisbury, MD 21801 | 6-8 | 3.2 mi |
James M. Bennett High School 300 East College Avenue, Salisbury, MD 21804 | 9-12 | 5.4 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 27793 Ocean Gateway
Date
Details
Price
Change
Source
7/21/2026
Listed
$359,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 27793 Ocean Gateway
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,390
—
$264,100
9%
2025
$2,390
5%
$241,900
10%
2024
$2,286
16%
$219,700
11%
2023
$1,970
—
$197,500
2%
2022
$1,967
3%
$193,000
2%
2019
$1,919
-8%
$188,500
2%
2021
$2,078
-1%
$184,000
—
2020
$2,099
—
$183,400
—
2019
$2,103
—
$182,800
—
2018
$2,096
-1%
$182,200
—
2017
$2,118
-7%
$182,200
-8%
2016
$2,278
-3%
$197,300
-7%
2015
$2,344
—
$212,000
—
2014
$2,344
—
$212,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 27793 Ocean Gateway
27793 Ocean Gateway, Salisbury, MD 21801 (MLS# MDWC2023848) is a Single Family property with 3 bedrooms and 2 full bathrooms. 27793 Ocean Gateway is currently listed for $359,900 and was received on July 21, 2026. Want to learn more about 27793 Ocean Gateway? Do you have questions about finding other Single Family real estate for sale in Salisbury? You can browse all Salisbury real estate or contact a Coldwell Banker agent to request more information.

