24420 Ocean Gateway

Off Market

24420 Ocean Gateway

Mardela Springs MD 21837

300564 sq. ft.

Land

Last sold for $375,000

Tom Ruch, last sold this property on 09 June 2026 after 246 days on market.

Overview

This expansive 6.9-acre land parcel presents a unique investment opportunity, ideal for those looking to capitalize on location. The property was the previous home to a once thriving trailer sales business which is no longer in operation. 2 40x40 buildings offer the bones of an office with showroom space, private offices and half bath. A second 40x40 structure along with 240v outlets, 200A service and twin 12x12 overhead doors is strengthened with steel beams. The trailer sales and repair business previously operated under a zoning variance. To operate another business from this location, one would need a new variance from the county. With a respectable 26,000 average daily traffic count, this property benefits from a rural atmosphere while still being accessible to passing vehicles from either of the two gated entrances. The surrounding landscape not only enhances the aesthetic value but also provides opportunities for outdoor activities, making it attractive for potential buyers seeking a lifestyle that combines nature with convenience. This 6.9-acre parcel is a canvas for future development and investment. With its scenic views, strategic location, and potential for diverse uses, this land offers an exceptional opportunity for investors looking to invest along the Rt 50 corridor. Don't miss the chance to secure a valuable asset in a thriving sector.

Features

300564 sq. ft. lot size

Land

Estimated Value

Based on this property and similar land plots sold in Mardela Springs over the last 12 months, the estimated median property value of 24420 Ocean Gateway is $40k.

Median value

$40k

Estimated value range

$9.5k - $625k

Median days on market

Estimated value trend

-63%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Mardela Springs. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 24420 Ocean Gateway

2026

Sold

$375,000

09 Jun 2026 by Tom Ruch, of Northrop Realty

Happy sellers in Mardela Springs

We have insufficient information to provide an overview of customer satisfaction for Mardela Springs. Viewing the agent profiles, reviews and sales for Mardela Springs can provide insights for this location.

Local market activity for land plots in Mardela Springs

In the last 12 months, 7 land plots similar to 24420 Ocean Gateway, have been sold.

This represents a 60% decrease in land plots sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Mardela Springs for a market analysis.

Michael Elmore

at EXP Realty, LLC

(6 reviews)

Get a market analysis

Lakia Predeoux

at Century 21 Harbor Realty

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Robert Sinagra

at Long & Foster Real Estate, Inc.

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Gayle W Quillin

at ERA Martin Associates

(6 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Mardela Springs

Michael Elmore

Michael Elmore is an award winning recommended agent for Mardela Springs. They have 2 local sales and collected 2 local reviews across the last 12 months.