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12325 Old Bridge Rd - Ground Lease

3.64 Acres of Commercial Land Offered at $507,000 in Ocean City, MD 21842

Commercial Land Maryland Ocean City 12325 Old Bridge Rd, Ocean City, MD 21842

Investment Highlights

  • Heavy traffic on both US 50 and MD 707
  • Multi Use
  • Highly Visible

Executive Summary

Great road frontage and visibility on US Route 50 and MD 707 in West Ocean City, MD. Owner will consider multi use development/subdivision. $507,000 annual ground lease - variable pricing on potential subdivision.

Attachments

12325-Old-Brige-Rd-Brochure

Property Facts

Price $507,000 Property Type Land
Sale Type Investment Property Subtype Commercial
Sale Conditions Ground Lease (Leasehold) Proposed Use
Commercial
  • Retail
  • Multifamily
  • Hold For Development
  • Hold For Investment
No. Lots 1 Total Lot Size 3.64 AC
Price $507,000
Sale Type Investment
Sale Conditions Ground Lease (Leasehold)
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Multifamily
  • Hold For Development
  • Hold For Investment
Total Lot Size 3.64 AC

1 Lot Available

Lot

Price $507,000 Lot Size 3.64 AC
Price Per AC $139,286
Price $507,000
Price Per AC $139,286
Lot Size 3.64 AC

Unique 3.64 Acre Site - Many Development Possibilities. C2 Commercial Zoning for Worcester County

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PROPERTY TAXES

Parcel Number 10-013089 Improvements Assessment $0
Land Assessment $161,200 Total Assessment $161,200

PROPERTY TAXES

Parcel Number
10-013089
Land Assessment
$161,200
Improvements Assessment
$0
Total Assessment
$161,200

zoning

Zoning Code C2
C2
(410) 742-8151 x103

  • Listing ID: 33586545

  • Date on Market: 10/21/2024

  • Last Updated:

  • Address: 12325 Old Bridge Rd, Ocean City, MD 21842

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12325 Old Bridge Rd - Ground Lease
(410) 742-8151 x 103

12325 Old Bridge Rd - Ground Lease

Blair Rinnier

(410) 742-8151

x103

(410) 742-8151 x103

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