12303 Coastal Hwy, Ocean City, MD 21842

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APN: 10-768905

12303 Coastal Hwy, Ocean City, MD 21842

Lot

Land Use
Retail Stores
Lot Area (SF)
Lot Area (Acres)
Zoning
Frontage
Depth

Building

Year Built
Year Renovated
Stories
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
2012-08-07
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Mortgage Records

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

2017
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 $2,134,690. Retail space sale prices in Ocean City have a median of $1,362,500. The last 24 months of sales history has seen 14 sales, with 11 sales greater than $250,000, 9 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 $242.

Values and sold prices (last 24 months) United States Maryland Ocean City
Average price/sqft $647 $510 $724
Median price/sqft $83 $138 $242
Average sold price $2,837,622 $3,571,495 $1,466,825
Median sold price $345,815 $608,297 $1,362,500
Number of sales 112,969 1,502 14
Number of sales over $250k 64,916 1,118 11
Number of sales over $1m 31,820 561 9
Number of sales over $10m 4,801 101 --
Average total tax amount $20,238 $28,336 $27,300
Average assessed value $800,661 $2,012,112 $2,134,690
Average market value $783,198 $2,092,958 $2,168,040

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 472,153 sf 129,305 sf 52,215 sf
Median lot size 19,850 sf 25,340 sf 21,875 sf
Average building area 587 sf 366 sf 242 sf
Median building area 55 sf 81 sf 135 sf
Median year built 1971 1969 1985
Average number of units 11 5 4
Median number of units -- -- --

Ocean City retail space total supply

There are 205 retail spaces in Ocean City. This is 195% below the Maryland average. The total acerage is 206 acres and the aggregate building area for retail spaces in Ocean City is 32,065 sf.

Supply United States Maryland Ocean City
Number of parcels 1,454,827 17,877 205
Aggregate lot acerage 46,139,799 48,284 206
Aggregate building area 372,499,804 sf 4,580,223 sf 32,065 sf
Aggregate units 3,571,091 53,801 328

Ocean City retail space industrial mortgages

There are 334 mortgages for retail spaces across Ocean City in the Reonomy database. The average value of those mortgages is $9,837,735. This is 4% below the Maryland average.

Debt United States Maryland Ocean City
Number of mortgages 2,026,090 30,566 334
Average value of mortgages $15,241,653 $10,300,674 $9,837,735

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