$4,500,000

748 Boardwalk

OCEAN CITY NJ, 08226

Description

Rare opportunity to purchase 1.0 acre of land on the beach block. Developers/Investors this is your chance to build a new hotel and/or condos on the beach block in Ocean City, NJ. When have you ever seen a full acre for sale in the Hospitality Zone. Central Boardwalk Parking is located behind the Promenade Food Court adjacent to the boardwalk. Currently used as a parking lot with estimated 140 parking spots, this property is located in the "Hospitality Zone" in OCNJ so the possibilities are limitless. Close to the Music Pier, shopping, restaurants, amusement rides, and much more. Keep it as a parking lot and continue to generate income with little expenses or overhead or develop the property. This is all about LOCATION! See attached survey and allowable uses from the city. Also, this property has 2 tax parcels,748 Boardwalk & 821 E 8th St the List price includes both tax parcels

Details

MLS#NJCM102906
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Year0
Days On Site415

Features

Story(s)0
ZoningHOSPITALITY ZONE

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Area Information

StateNJ
CityOCEAN CITY
Zip Code08226
AreaOcean City City (20508)
Listing VS Median (in 08226)
Price:
$4,500,000
low | high
Med:
$569,900
100% of Average
On Site:
415
low | high
Med:
79
100% of Average
Listing Updated: 05/30/2020
MLS Number: NJCM102906
Listing Provided By:
Gina Marie Farruggio  of  BHHS Fox Roach-New Hope
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