12325 Old Bridge Ocean City, MD ^$ 507,000

12325 Old Bridge

^$ 507,000

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New Construction

12325 Old Bridge

Ocean City, MD, 21842

^$ 507,000

Bedrooms-- Baths--

12325 Old Bridge, Ocean City, MD 21842 - Image 1

Property for Rent in Ocean City, MD

for $507,000. The lot size is 3.64.

Unique 3.64 Acre Site with many development possibilities. Great road frontage and visibility on US 50 and MD 707. Owner will consider multi use development/subdivision. C2 Commercial Zoning for Worcester County. $507,000 Annual Ground Lease - variable pricing base 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

Rental Active

Price

^$ 507,000

Taxes

^$ 0

Style

Auto Related,Banquet Facility/Lodge,Bed and Breakf

Lot Size

3.64

Town/City

Ocean City

County/Region

Worcester

MLS | Web ID

MDWO2026434

Features

Interior

Heating Fuel None

Hot Water None

Central Air Y/N N

General

Sewer Public Sewer

Heating None

Cooling None

Zoning B-2

Construction Materials Other

Property Subtype Land for Commercial Use

Current Use Vacant

Business Type Auto Related Banquet Facility/Lodge Bed and Breakfast Big Box Retail Bowling Alley Car Wash/Truck Wash Cold Storage Convenience Store/Gas Cross Dock/Truck Terminal Day Care Facility Flex Funeral Home

Accessibility None

County WORCESTER

New Construction Y

Property Type Commercial Lease

Water Access Y/N N

Status ACTIVE

Directions Rout 50 East to West Ocean City property has road frontage on US Route 50 and MD 707

City OCEAN CITY

MLS Area West Ocean City (85)

Lot Size Units Square Feet

Lot Size Square Feet 158558.00

Property Condition Excellent

Ok to Lease 60 Months

Construction Completed Y/N N

Leasable Area 0

Vacation Rental Y/N N

Availability Date 2024-10-21

Standard Status Active

Exterior

Lot Features Cleared Level Road Frontage

Water Source Other

Type of Parking None

Water View Y/N N

Lot Dimensions 0.00 x 0.00

Lot Size Acres 3.64

Lot Size Source Assessor

Waterfront Y/N N

Navigable Water Y/N N

Water Oriented Y/N N

Internal Only

Street Number 1 12325

* Excluded Features

List By

Rinnier Development Co

Broker

brinnier@rinnier.com

Nearby

Trends
Schools

About Ocean City, MD

7,846 Population

-23% Since 2002

^$59,005 Median Income

50.85 Median Age

15% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2136830 Elementary School

2137124 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/21/2024	$507,000		Listed Price

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12325 Old Bridge, Ocean City, MD, 21842 is a Property for Rent at $507,000 with a lot size of 3.64. The property's zip code is 21842 which is in Ocean City, MD

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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12325 Old Bridge

Property for Rent in Ocean City, MD

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