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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
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.
Price:
$6,850,000 Together or Subdivide
.75 ac @ $1,612,500
1.14 ac @ $2,262,500
1.75 ac @ $2,975,000; or
$507,000 Annual Ground Lease
Size: 3.64 Acres w/ C2 Commercial Zoning
Price:
$6,850,000 Together or Subdivide
.75 ac @ $1,612,500
1.14 ac @ $2,262,500
1.75 ac @ $2,975,000; or
$507,000 Annual Ground Lease
Size: 3.64 Acres w/ C2 Commercial Zoning
Property Facts
| Price | $507,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Ground Lease (Leasehold) | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 3.64 AC |
| Zoning | C2 | ||
| Price | $507,000 |
| Sale Type | Investment |
| Sale Condition | Ground Lease (Leasehold) |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 3.64 AC |
| Zoning | C2 |
1 Lot Available
Lot
| Price | $507,000 | Lot Size | 3.64 AC |
| Price Per AC | $139,285.71 |
| Price | $507,000 |
| Price Per AC | $139,285.71 |
| Lot Size | 3.64 AC |
Unique 3.64 Acre Site - Many Development Possibilities. C2 Commercial Zoning for Worcester County Price: $6,850,000 Together or Subdivide .75 ac @ $1,612,500 1.14 ac @ $2,262,500 1.75 ac @ $2,975,000; or $507,000 Annual Ground Lease Size: 3.64 Acres
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
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12325 Old Bridge Rd - Ground Lease
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