5401 Coastal Hwy 21,420 SF 42% Leased Retail Building Ocean City, MD 21842 $5,500,000 ($256.77/SF)

This mixed-use property in Ocean City, Maryland offers a rare opportunity to acquire a two-story building that combines a fully built-out restaurant space with three income-generating residential units. The property features approximately 6,000 SF of restaurant space complemented by a 1,420 SF outdoor patio, creating an attractive setting for seasonal dining. With a spacious layout suitable for a variety of restaurant concepts, the asset is well-positioned for an owner-operator or an investor seeking multiple revenue streams.
The residential component includes one three-bedroom unit and two two-bedroom units, capitalizing on Ocean City’s strong rental demand. The property sits on 1.98 acres and provides 40 dedicated parking spaces, a significant advantage in this coastal market. Its size and configuration are uncommon for the area, offering potential for future expansion or redevelopment. This property represents a compelling investment in a high-traffic destination known for tourism and hospitality, delivering both immediate income and long-term growth potential.