Date
Details
Price
Change
Source
2/10/2026
Listed
$5,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
This 7.6 Acre Premier Commercial Parcel offers exceptional versatility in one of the Eastern Shore's most active growth corridors. Located along Rt. 50 between Easton and Cambridge, Maryland, the property features approximately 932 linear feet of frontage on a heavily traveled roadway, connecting the Chesapeake Bay Bridge and Ocean City. The site benefits from excellent Ingress and Egress, strong traffic counts, and outstanding visibility. The owner is willing to subdivide into smaller parcels for a qualified buyer, allowing flexibility for phased development, pad sites, or mixed-use configurations. Positioned directly in front of and adjacent to a 2,500 home development currently under construction, the property is surrounded by both established neighborhoods and rapidly emerging residential density. This location provides built-in demand and supports a wide range of high-performing commercial and service -oriented uses. Its current use is a gas station/convenience store that has thrived for many years. With scale, frontage, and development flexibility, this property presents a rare opportunity for investors and devlopers seeking long-term growth and multiple exit strategies along Route 50.
Full Property Details
Full Property Details for 4123 Ocean Gateway
General
- Price: $5,500,000
- Taxes: $4,765 (2024)
- Status: Active
- Type: Store
- Source: BrightMLSMidAtlantic
- MLS ID: MDTA2012716
- Updated: 2/10/2026
- Added to Site: 1 day(s) ago
Business
- Business Type: Convenience Store
Parking
- Total Spaces: 18
- Parking Features: Lighted Parking
- Parking Type: Parking Lot
Location
- Municipality: Trappe
- County: TALBOT
- Driving Directions: 1/2 mile north of the town of Trappe on Westbound lane of Route 50, also known as Ocean Gateway Located between the towns of Easton and Cambridge.
- Location Details: Highway
- City Limits: Yes
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Oil
- Water Heater: Electric
Utilities
- Sewer: On Site Septic
- Water: Public
Structural Information
- Construction: Brick
- Entry Floor Number: 1
- Stories/Levels: 1
- Building Size: 1421
- Year Built: 1968
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 7.6
- Lot Size (Sq. Ft.): 331,100
- Lot Size Source: Estimated
- Frontage Feet: 1575
- Street/Road Desc.: US Highway/Interstate
- Zoning: C2 AND R1
- Lot Description: Subdivision Possible
Financial Considerations
- Price Per Sq. Ft.: $3,870.51
- Assessment Year: 2021
- School Tax: $210
- City/TownTax: $1,446
- City/TownTax Freq: Semi-Annually
- County Tax: $2,618
- County Tax Freq: Semi-Annually
- Tax w/Assessment: $438,200
- Tax Amount: $4,765
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Inclusions: Beer and Wine License
Listed by Long & Foster Real Estate, Inc., Stephany A Barrett
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Listing agent
— 4123 Ocean Gateway —
Stephany A Barrett
Long & Foster Real Estate, Inc.
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 4123 Ocean Gateway
School District:Talbot County Public Schools
| Name | Grades | Distance |
|---|---|---|
White Marsh Elementary School, Trappe, MD 4322 Lovers Lane, Trappe, MD 21673 | PK-5 | 0.8 mi |
Easton Middle School 201 Peachblossom Road, Easton, MD 21601 | 6-8 | 6.9 mi |
Easton High School 723 Mecklenburg Avenue, Easton, MD 21601 | 9-12 | 6.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4123 Ocean Gateway
Tax History
Tax History for 4123 Ocean Gateway
Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,765
—
$543,733
11%
2023
$4,765
—
$490,967
12%
2023
$4,765
7%
$438,200
1%
2022
$4,460
6%
$434,700
1%
2020
$4,197
1%
$431,200
1%
2021
$4,159
-4%
$427,700
—
2020
$4,339
3%
$427,700
—
2019
$4,214
-11%
$427,700
-14%
2018
$4,723
4%
$499,900
—
2017
$4,522
4%
$499,900
—
2016
$4,366
-2%
$499,900
-5%
2015
$4,457
1%
$524,900
—
2014
$4,431
—
$524,900
—
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 4123 Ocean Gateway
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- Single Family
- Active
- Updated 5 days ago
- 3Beds
- 2Total Baths
- 1,287Sq. Ft.
Listed by The Powell Legacy Group of Coldwell Banker Realty (410) 463-3627
- Townhouse
- Active
- Updated 6 hours ago
- 3Beds
- 3Total Baths
- 2,502Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 1,428Sq. Ft.
- Townhouse
- Active
- Updated 2 days ago
- 3Beds
- 3Total Baths
- 2,172Sq. Ft.
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- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 2Total Baths
- 1,608Sq. Ft.
- Mobile Home
- Active
- Updated 4 days ago
- 3Beds
- 2Total Baths
- 1,768Sq. Ft.
- Townhouse
- Active
- Updated 2 days ago
- 3Beds
- 3Total Baths
- 2,195Sq. Ft.
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4123 Ocean Gateway, Trappe, MD 21673 (MLS# MDTA2012716) is a Store property. 4123 Ocean Gateway is currently listed for $5,500,000 and was received on February 10, 2026. Want to learn more about 4123 Ocean Gateway? Do you have questions about finding other Store real estate for sale in Trappe? You can browse all Trappe real estate or contact a Coldwell Banker agent to request more information.