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Key Details
Sold Price $4,250,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 546828
Sold Date 11/19/21
Style Commercial
Annual Tax Amount $13,368
Tax Year 2020
Lot Size 0.840 Acres
Property 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! Call for 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
Location
State NJ
County Cape May
Community Ocean City
Area Ocean City/Gold Coast
Location Details Beach Block,Boardwalk
Exterior
Exterior Feature Security Light/System
Parking Features Other (See Remarks)
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