Architectural rendering shows the proposed Keller Williams office building at the corner of Ninth Street and Bay Avenue.

Paul Chiolo, owner of the Keller Williams realty firm..
In a directly related matter, the City of Ocean City has been engaged in off and on negotiations with the developer to acquire this property as part of a broad makeover of the Ninth Street gateway.
The administration over the last year has made it clear that they would like this property. The goal would be to make the city's entrance more inviting to visitors. The city has proposed redeveloping this lot, along with the two other former gas stations into landscaped parks.
It remains to be seen what happens next with this project. Now that the developer has a clear path to construction, it should be interesting to see how the city responds.