Ocean City, Md. – May 12, 2026 – NAI Coastal is pleased to announce the successful sale of the property located at 12614 Ocean Gateway in Ocean City, Maryland, for $3.1 million. The transaction represents a significant investment in one of the region’s most active and high-visibility hospitality corridors.
Previously home to Shaka Pool Bar and Grill, the property has long been recognized as a lively destination for both locals and visitors. Known for its exceptional visibility and consistent traffic flow, the site benefits from strong exposure to visitors traveling to and from the beach. Its proximity to Ocean City’s renowned dining, retail, and entertainment destinations further enhances its long-term value and appeal.
The sale was exclusively represented by NAI Coastal’s Christian Phillips, who managed the transaction from initial listing through closing. Using a targeted marketing strategy and in-depth market knowledge, Phillips successfully positioned the property to attract qualified interest and ultimately secure a favorable outcome for ownership.
“This transaction reflects the continued strength of the Ocean City hospitality market,” said Phillips. “Properties with this level of visibility and accessibility are increasingly sought after. We were able to generate strong interest by highlighting both the property’s past success and its future potential, and I’m proud to have guided the process to a successful closing for all parties involved.”
The property is now entering a new phase under its new ownership, with renovations and improvements currently underway.
For more information on this transaction or to inquire about other hospitality opportunities, contact Christian Phillips by emailing Christian@NAICoastal.com or by calling 410- 543-5115.
About NAI Coastal
NAI Coastal is a full-service commercial brokerage headquartered at Riverview Commons, 150 West Market Street, Suite 101 in Downtown Salisbury, Maryland. The team of nine advisors have comprehensive market knowledge and an unwavering commitment to the Delmarva region. In addition to brokerage and development, NAI Coastal rounds out their service offerings with consulting, which covers leasing, assemblage, acquisition and sale and investment advising. For more information please visit www.naicoastal.com or call 410-543-5115.
