748 BOARDWALK $4,500,000

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    748 BOARDWALK OCEAN CITY, NJ 08226

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    $4,500,000

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    • 1.00 Acres
    • Commercial
    • MLS# NJCM102906
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    Views: 668 Days On Market: 287

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    Property Details

    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

    • General Features
      • County CAPE MAY
      • HOA Y/N N
      • New Construction Y/N N
      • Sale Type Standard
      • Tax Annual Amount 13218.0
      • Tax Year 2019
      • Water Access Y/N N
      • Water Body Type Ocean
      • Waterfront Y/N N
      • Year Built 0
      • Zoning HOSPITALITY ZONE
      • Zoning Dscrp Parking Lot, Hospitality Zone development possible
    • Building Features
      • Building Total SqFt 0.00
      • Building Units Total 0
      • Business Type Other
      • Cooling Fuel None
      • Cooling Type None
      • Garage Y/N N
      • Heating Fuel None
      • Heating Type None
      • Sewer Septic Public Sewer
      • Total Garage And Parking Spaces 140
    • Property Features
      • Lot Size Acres 1
      • Parking Features Paved Parking
    • Schools
      • School District OCEAN CITY SCHOOLS

    Contact

    Gina Farruggio

    Realtor Licensed in PA & NJ

    RS277933

    BHHS Fox & Roach New Hope

    Primary: 215-668-7471
    • Home Buyers Warranty
    • HSA Home Warranty

    Neighborhood

    Market Last 30 Days

    $595,000 Median Sales Price
    45 Homes Sold
    93 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $4,500,000
        10/21/2019 8:34:45 AM Price Reduced Source New Value: $4,500,000 -9.09%
        4/12/2019 11:21:00 AM New in Database Source New Value: $4,950,000

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