RT 50 Development Opportunity

Ocean Gateway Ocean City, MD 21842

Ocean Gateway , Ocean City, MD, 21842
Ocean Gateway , Ocean City, MD, 21842 Ocean Gateway , Ocean City, MD, 21842
FOR SALE
Property Type:
Other Land
Amount:
$1,800,000
Last Verified:
Aug 29, 2023

Highlights

  • Development Opportunity in West Ocean City
  • Fronting Route 50 Eastbound
  • +/- 14.6-AC of Commercial Land
  • Approved Perc
  • Delineation Report Available
  • Well/Septic

Description

+/- 14.6-acres of commercial land with prime highway frontage along Route 50's eastbound lanes (Ocean Gateway) in West Ocean City, Maryland. Prime development opportunity! Delineation report available, approved perc. Well/Septic.

Located along the eastbound lanes of Route 50 in West Ocean City, Maryland.

Lot Size: 14.6 acres


Documents

Wetland Location Survey
Sale Brochure
Boundary Survey

Map of Ocean Gateway , Ocean City, MD, 21842

Presented by:
NAI Coastal

Request additional information
Chris Davis


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.