Ocean City, NJ 08226,748 BOARDWALK REAR
Ocean City, NJ 08226,748 BOARDWALK REAR
Ocean City, NJ 08226,748 BOARDWALK REAR
20
$4,250,000
$4,500,000
5.6%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

1 Acres Lot

748 BOARDWALK REAR Ocean City, NJ 08226

Est. payment /mo
SOLD DATE : 11/22/2021

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $4,250,000

Property Type Commercial

Sub Type Land for Commercial Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID NJCM104478

Sold Date 11/22/21

HOA Y/N N

Originating Board BRIGHT

Annual Tax Amount $13,368

Tax Year 2020

Lot Size 1.000 Acres

Acres 1.0

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! 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

Location

State NJ

County Cape May

Area Ocean City City (20508)

Zoning HOSPITALITY ZONE

Interior

Hot Water None

Heating None

Cooling None

Heat Source None

Exterior

Garage Spaces 142.0

Utilities Available Electric Available

Waterfront N

Water Access N

View Ocean

Street Surface Black Top

Accessibility None

Parking Type Parking Lot

Total Parking Spaces 142

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Ocean City Schools

Others

Tax ID 08-00702-00019

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Read Less


Bright MLS (BMLS)
Listed by Gina Marie Farruggio • BHHS Fox & Roach-New Hope
Bought with Non Member • Non Subscribing Office

GET MORE INFORMATION

Stacie Nance

Agent | License ID: 5011001/RSR006430

+1(410) 245-5320

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.