12303 Coastal Hwy, Ocean City, MD 21842

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APN: 10-768905

12303 Coastal Hwy, Ocean City, MD 21842


Land Use
Retail Stores
Lot Area (SF)
Lot Area (Acres)


Year Built
Year Renovated
Number of Buildings
Existing Floor Area Ratio
Commercial Units
Residential Units
Total Units
Building Area
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Reported Ownership

Reported Owner
Mailing Address

Contact Information

Phone Number
Email Address
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Recorded Sales

Date Sales Price Buyer Seller Sales Doc # Multi-Property Sale
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Mortgage Records

Date Lender(s) Amount Doc # Maturity Date Crossed-Debt Parcels
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Tax Data

Total Assessed Value
Assessed Land Value
Assessed Improvement Value
Total Market Value
Land Market Value
Improvements Market Value
Tax Amount
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Popular searches around Ocean City

Reonomy operates the most comprehensive database for Ocean City Retail Space and other commercial real estate assets across the U.S. Reonomy includes over 47 million commercial real estate properties, each property features sales, debt, tax and ownership data. Reonomy attracts a large community of Ocean City commercial real estate professionals. Members from Ocean City include brokers, investors and service providers, many of whom specialize in Ocean City Retail Space.

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Ocean City retail space sold prices and values

The average assessed value of retail spaces in Ocean City is $2,126,569. Retail space sale prices in Ocean City have a median of $2,100,000. The last 24 months of sales history has seen 10 sales, with 9 sales greater than $250,000, 8 sales valued at over $1,000,000, and 0 sales valued at over $10,000,000. The average price per square foot of retail spaces in Ocean City over the last 24 months is $315.

Values and sold prices (last 24 months) United States Maryland Ocean City
Average price/sqft $647 $539 $382
Median price/sqft $85 $137 $315
Average sold price $3,025,992 $3,770,857 $2,177,500
Median sold price $349,872 $601,205 $2,100,000
Number of sales 109,690 1,423 10
Number of sales over $250k 63,601 1,059 9
Number of sales over $1m 31,270 529 8
Number of sales over $10m 4,589 97 --
Average total tax amount $20,300 $27,757 $27,281
Average assessed value $822,376 $2,014,050 $2,126,569
Average market value $961,348 $2,096,332 $2,160,870

Ocean City retail space property averages

The average lot size of retail spaces in Ocean City is 21,875 sf. This is 14% below the Maryland average. The average building area is 135 sf and the median year built is 1985.

Property averages United States Maryland Ocean City
Average lot size 473,444 sf 127,222 sf 52,406 sf
Median lot size 20,127 sf 25,323 sf 21,875 sf
Average building area 605 sf 372 sf 241 sf
Median building area 57 sf 83 sf 135 sf
Median year built 1972 1968 1985
Average number of units 11 5 4
Median number of units -- -- --

Ocean City retail space total supply

There are 206 retail spaces in Ocean City. This is 195% below the Maryland average. The total acerage is 209 acres and the aggregate building area for retail spaces in Ocean City is 32,810 sf.

Supply United States Maryland Ocean City
Number of parcels 1,441,309 17,906 206
Aggregate lot acerage 47,820,600 47,564 209
Aggregate building area 379,356,754 sf 4,585,139 sf 32,810 sf
Aggregate units 3,615,117 53,927 329

Ocean City retail space industrial mortgages

There are 393 mortgages for retail spaces across Ocean City in the Reonomy database. The average value of those mortgages is $8,778,402. This is 15% below the Maryland average.

Debt United States Maryland Ocean City
Number of mortgages 2,102,835 35,864 393
Average value of mortgages $15,187,044 $10,299,052 $8,778,402

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