5401 Coastal Hwy - Restaurant FOR SALE


Ocean City, MD 21842
$5,500,000 USD
703-472-1151
5401 Coastal Hwy, Ocean City, MD for Sale
$5,500,000 USD
Restaurant - FOR SALE
1/15
null | Request Cap Rate

5401 Coastal Hwy
Ocean City, MD 21842


HIGHLIGHTS

  • Fully built-out 6,000 SF restaurant space with a 1,420 SF outdoor patio for seasonal dining.
  • Includes three residential apartments: one three-bedroom unit and two two-bedroom units.
  • Situated on 1.98 acres with 40 dedicated parking spaces, a rare feature in Ocean City.
  • Strong rental demand in a major coastal destination ensures consistent income potential.
  • Opportunity for future expansion or redevelopment to enhance property value.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$257 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.98 AC

LAND SF

86,249 SF

ZONING

Commercial

APN/PARCEL ID

10-316545,10-316650,10-316715,10-316731,10-316812,10-316820,10-316839,10-316847,10-316871

ASK ABOUT THIS PROPERTY

Chris SaaMetropolitan Restaurant BrokersMore Info
703-472-1151

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Chris SaaMetropolitan Restaurant BrokersMore Info
703-472-1151

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.