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23± acres of exceptional opportunity on one of the Eastern Shore’s busiest commercial corridors. Located directly on Ocean Gateway (Route 50) and across from the recently opened Tidal Roots development, this unique property offers approximately 1,200 feet of road frontage, providing outstanding visibility and accessibility for a wide range of future uses. The property includes two existing residences, including one currently occupied by a tenant, offering potential holding income while future plans are developed. Whether your vision includes commercial development, mixed-use, hospitality, medical, retail, office space, multifamily housing, or a long-term investment, this property offers the size, frontage, and location to bring those ideas to life (subject to county approvals and zoning requirements). As Salisbury and the Route 50 corridor continue to experience growth, opportunities of this scale and visibility are becoming increasingly rare. If you’re looking for a property with exceptional exposure and virtually unlimited potential, this is one you won’t want to miss.

Highlights

  • Residential
  • Single Family Residence
  • Built in 1935
  • 23.0 Acre Lot
  • 114 days on Market

  • Bedrooms
    3
  • Bathrooms
    2
  • Year Built
    1935
  • Architectural Style
    Farmhouse/National Folk
  • Parking Features
    Driveway
  • Living Area
    2329.0
  • Appliances
    Electric Water Heater
  • Pool Features
    None
  • Cooling
    Central Air, Electric
  • Heating
    Electric, Heat Pump
  • Basement
    Crawl Space

  • Acres
    23.0
  • Water
    Well

  • Area
    Wicomico Northwest (23-01)
  • County
    Wicomico
  • City
    Salisbury
  • Neighborhood
    NONE AVAILABLE
  • Zip Code
    21801
  • High School
    JAMES M. BENNETT
  • Middle School
    SALISBURY

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Frequently Asked Questions

How do I schedule a tour of 27793 Ocean Gateway?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 27793 Ocean Gateway.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 27793 Ocean Gateway?

Click Ask a Question to talk with our team. You already know it is a 3 bed, 2 bath, listed for $359,900. We can talk through recent upgrades, potential seller motivation, how this single family residence compares to others in Salisbury, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 27793 Ocean Gateway?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 27793 Ocean Gateway at around $2,234. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 27793 Ocean Gateway?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Wicomico County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 27793 Ocean Gateway?

In most cases, yes. Whether 27793 Ocean Gateway is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Salisbury's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 27793 Ocean Gateway?

We can handle that for you. Our preferred local agent specializes in residentials in Salisbury and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $359,900 with 2,329 sqft of space—that comes out to approximately $155 per square foot.

How long has this property been on the market?

27793 Ocean Gateway was listed on July 21, 2026, which means it's been on the market for 114 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1935, making it approximately 91 years old.

What is the lot size of this property?

27793 Ocean Gateway sits on a 23.0-acre lot, which is 1,001,880 square feet.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Middle: SALISBURY
  • High: JAMES M. BENNETT

Want to see how these schools compare? Check out our Wicomico County School Guide to see ratings, reviews, and more for the schools in the area.

What are the property taxes for 27793 Ocean Gateway?

The most recent public record shows annual property taxes for 27793 Ocean Gateway were approximately $2,230. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 27793 Ocean Gateway still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Bright. All rights reserved.

Last Updated: November 12, 2026 at 09:56AM | Source: Bright | MLS#: MDWC2023848