Excellent commercial development opportunity along Racetrack Road situated across from Ocean Downs Casino. Also located just minutes from Ocean Pines, this 9.26+/- -acre parcel includes approximately 7.89 acres of commercially zoned land. Public sewer & water was just made available, while there is still an existing well, septic system, and electric service in place. Recent improvements include re-zoning to C2 Commercial, an environmental wetland survey with all non-tidal wetlands plated, verified boundary and critical area lines, an approved rezoning removing the Resource Protected line, and a conceptual site plan. Worcester County’s engineering study has deemed public water and sewer feasible, with approximately 363 EDUs available for a buyer to purchase (buyer to verify on their own with the County), with full availability expected in roughly three years. With strong visibility across from the Ocean Downs Casino, good traffic counts along this primary growth corridor, and as one of the larger commercially zoned parcels with public sewer available, the property offers exceptional potential for hotel, restaurant, office, or mixed-use development.
Vacant landProperty Type
9.26 acresLot Size
$280,778Price/Acres
Listed by Wesley Cox• SVN |Miller Commercial Real Estate
•410-543-2440 (broker)
•brent.miller@svn.com (broker)
Listed by Trent Spicer-Davis• SVN |Miller Commercial Real Estate
Property is a total of 9.16 acres. 6.7 acres zoned C-2 and 2.4 acres zoned Resource Protected. One BUILDABLE commercial acre with direct access to Rt 589. Property is across the street from Ocean Downs Casino, public boat ramp and minutes from Ocean City, MD and Ocean Pines, MD. The possibilities are endless. Contact listing agent for a detailed sheet of approved allowances. Public water and sewer estimated from the county to be about 3 years out. Existing house and barn would be a tear down. With the growth of Rt 589 expected in the coming years, this property has enormous potential. Virtual tour is available. Land acres are estimates buyer to do there Due Diligence.
BRIGHT MLS #MDWO102074
Nov 15, 2020
Listing Removed
—
Aug 14, 2020
Price Changed
$1,349,000
Sep 2, 2019
Price Changed
$1,499,900
Apr 12, 2019
Price Changed
$1,850,000
Jan 9, 2019
Listed
$1,900,000
BRIGHT MLS #1000803574
Jul 5, 2017
Listing Removed
—
Aug 12, 2014
Listed
$1,850,000
BRIGHT MLS #1000824676
Jul 8, 2005
Listed
$3,600,000
Jul 8, 2005
Listing Removed
—
BRIGHT MLS #1000723520
May 4, 1998
Listing Removed
—
Feb 13, 1998
Listed
$325,000
Year
Property tax
Land + Additions
Assessment*
2026
$4,943 (+5.8%)
2025
$4,675 (−3.1%)
2024
$4,824 (−22.7%)
$491,600 + $8,400
$500,000
2023
$6,242 (+12.4%)
2022
$5,553 (+14.3%)
2021
$4,856 (+17.4%)
$566,600 + $9,900
$576,500
2020
$4,135 (+21.1%)
2019
$3,414 (+190.7%)
2018
$1,175 (+5.4%)
$102,100 + $15,600
$117,700
2017
$1,114 (+12.3%)
2016
$992 (+6.9%)
$82,100 + $16,400
$98,500
2015
$928
$82,100 + $16,400
$98,500
2014
$929 (−23.0%)
2013
$1,206 (+12.1%)
2012
$1,076
2011
$1,076 (−34.8%)
2010
$1,650 (+18.0%)
2009
$1,398
Public record
Beds
—
Baths
1
Stories
1.5
Lot width
—
Lot depth
—
Lot size
9.16 Acres
Year renovated
—
Finished Sq. Ft.
941
Unfinished Sq. Ft.
—
Total Sq. Ft.
941
Year built
1930
Style
Single Family Residential
County
Worcester County
APN
03 011836
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 21, 2026.
Historical weather
Berlin, MD • 21811
Average low and high temperatures (°F)
40
25
45
29
58
40
66
48
72
56
83
65
85
71
80
65
76
63
68
50
59
41
47
31
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.4 hrs
6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 10329 Racetrack Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $300,000 and $810,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $300K to $810K.