6200 Coastal Hwy - Office CONDO FOR SALE


Ocean City, MD 21842
$3,300,000 USD
410-251-6408
6200 Coastal Hwy, Ocean City, MD for Sale
$3,300,000 USD
Office CONDO - FOR SALE
1/19
null | 5.68% Cap Rate

6200 Coastal Hwy
Ocean City, MD 21842


HIGHLIGHTS

  • Fully leased investment property with in-place income.
  • Located at the signalized Route 90 and Coastal Highway intersection.
  • Positioned along Ocean City's primary commercial corridor.
  • Tenancy includes established occupants with lease terms extending through 2029.
  • Benefits from exposure to year-round residents and seasonal visitors.
  • Commercial development opportunities on the island remain limited.

OVERVIEW

6200 Coastal Hwy #1 presents the opportunity to acquire a fully leased commercial investment property positioned along Coastal Highway, Ocean City’s primary commercial corridor. Located at the signalized intersection of Coastal Highway and Route 90, the property benefits from visibility at one of the principal entry points onto the island. The offering includes Unit 1 of the project and is supported by established tenancy, providing in-place income from multiple occupants. Ocean City remains a highly constrained barrier-island market where commercial development opportunities are limited. The property's location places it within a concentration of hotels, restaurants, retail destinations, residential communities, and entertainment venues that serve both year-round residents and seasonal visitors. Its position near the Route 90 bridge supports consistent exposure to traffic entering and exiting the island while providing convenient access throughout the resort market. The property contains 7,745 square feet and is fully occupied by Keller Williams Realty of Delmarva and Central Reservations, with lease expirations extending through 2029. The combination of stabilized occupancy, frontage along the island’s primary commercial artery, and a location within one of the Mid-Atlantic’s most recognized coastal destinations creates an investment opportunity supported by existing cash flow and long-term market presence.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$426 USD /SF

CAP RATE

5.68%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

29,684 SF

STORIES

4

BUILDING CLASS

C

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,279 SF

ZONING

-

APN/PARCEL ID

10-747945,10-747953,10-747961

ASK ABOUT THIS PROPERTY

Wesley Cox, CCIMSVN | Miller Commercial Real EstateMore Info
410-251-6408

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Wesley Cox, CCIMSVN | Miller Commercial Real EstateMore Info
410-251-6408

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