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Description
Commercial Condominium Units 2-4 located in the Bayside Plaza center on the corner of Coastal Hwy and 138th Street in Ocean City, MD. The three (3) contiguous units total approximately 1920 SF and are currently leased to a pizza operator for $60,000 per year and includes all restaurant equipment.
Highlights
1920 SF Retail Space
Units 2-4: Commercial Condominiums
Located in the Bayside Plaza Center
| Month | Payment | Principal | Interest | Total Interest | Balance |
|---|---|---|---|---|---|
| $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.
| Total Population | 3,557 | 13,601 | 25,692 | |
| Population Median Age | 57 | 56 | 55 | |
| Population by Age | 0-9 Yrs | 72 (2%) | 463 (3%) | 996 (3%) |
| 10-19 Yrs | 101 (2%) | 544 (3%) | 1158 (4%) | |
| 20-29 Yrs | 364 (10%) | 1472 (10%) | 2839 (11%) | |
| 30-39 Yrs | 120 (3%) | 584 (4%) | 1390 (5%) | |
| 40-49 Yrs | 434 (12%) | 1108 (8%) | 1928 (7%) | |
| 50-59 Yrs | 466 (13%) | 2044 (15%) | 4124 (16%) | |
| 60-69 Yrs | 934 (26%) | 3373 (24%) | 6214 (24%) | |
| 70+ Yrs | 1066 (29%) | 4014 (29%) | 7042 (27%) | |
| Median HH Income | $49,028 | $57,869 | $64,586 | |
| Total Household Income | < 24K | 369 (18%) | 1262 (17%) | 1852 (14%) |
| 25-49K | 624 (32%) | 1802 (25%) | 2987 (23%) | |
| 50-74K | 372 (19%) | 1535 (21%) | 2637 (20%) | |
| 75-99K | 179 (9%) | 684 (9%) | 1401 (10%) | |
| 100-199K | 300 (15%) | 1338 (18%) | 2756 (21%) | |
| 200K+ | 104 (5%) | 538 (7%) | 1198 (9%) | |
| Highest Education Level | No Diploma | 375 | 881 | 1423 |
| Diploma or GED | 850 | 3337 | 6326 | |
| Some College | 648 | 2622 | 4700 | |
| Assoc. Degree | 297 | 1013 | 1735 | |
| Bachelors Degree | 649 | 2570 | 5099 | |
| Higher Degree | 370 | 1470 | 2989 | |
| Total Housing Units | 11,553 | 42,428 | 69,657 | |
| --Owner-Occupied | 1,659 | 5,899 | 10,384 | |
| --Renter-Occupied | 290 | 1,260 | 2,447 | |
| Owner-Occupied Values | < 100K | 78 | 229 | 435 |
| 100-199K | 372 | 965 | 1355 | |
| 200-299K | 416 | 1252 | 2218 | |
| 300-399K | 339 | 1261 | 2483 | |
| 400-499K | 148 | 656 | 1167 | |
| 500K+ | 307 | 1537 | 2726 | |
| Total Working Age Population | 3,451 | 12,811 | 23,890 | |
| In Work Force | 1,659 | 6,200 | 12,315 | |
| Not In Work Force | 1,792 | 6,611 | 11,575 | |
| Workforce Employed | 1,585 | 5,885 | 11,709 | |
| Workforce Unemployed | 74 | 292 | 529 | |
| Civlian Workforce | 1,659 | 6,177 | 12,238 | |
| Military Workforce | 0 | 23 | 77 | |
| Total Households | 1,949 | 7,159 | 12,831 | |
| Family Households | 960 | 3,873 | 7,466 | |
| Non-Family Households | 989 | 3,286 | 5,365 | |
| Married Couple | 785 | 3,250 | 6,366 | |
| Other Family | 175 | 623 | 1,100 | |
| Married w/Child | 60 | 301 | 644 | |
| Single Male w/Child | 0 | 41 | 100 | |
| Single Female w/Child | 22 | 80 | 148 | |
Population Change Last Two Decades - Plus Projection
| 2000 | % | 2010 | % | 2020 | % | 2030 | |
|---|---|---|---|---|---|---|---|
| Delaware | 783,600 | +15 | 897,934 | +10 | 989,803 | +6 | 1,044,965 |
| Sussex County | 156,638 | +26 | 197,145 | +19 | 235,396 | +8 | 255,143 |
| Maryland | 5,296,486 | +9 | 5,773,552 | +6 | 6,141,900 | +6 | 6,518,750 |
| Worcester County | 46,543 | +11 | 51,454 | +3 | 53,100 | +9 | 57,950 |