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For Sale 748 Bdwk Rear, Ocean City, NJ, 08226

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748 Bdwk Rear, Ocean City, NJ, 08226 Main Picture 748 Bdwk Rear, Ocean City, NJ, 08226 Aditional Picture748 Bdwk Rear, Ocean City, NJ, 08226 Aditional Picture748 Bdwk Rear, Ocean City, NJ, 08226 Aditional Picture748 Bdwk Rear, Ocean City, NJ, 08226 Aditional Picture748 Bdwk Rear, Ocean City, NJ, 08226 Aditional Picture748 Bdwk Rear, Ocean City, NJ, 08226 Aditional Picture748 Bdwk Rear, Ocean City, NJ, 08226 Aditional Picture748 Bdwk Rear, Ocean City, NJ, 08226 Aditional Picture748 Bdwk Rear, Ocean City, NJ, 08226 Aditional Picture748 Bdwk Rear, Ocean City, NJ, 08226 Aditional Picture748 Bdwk Rear, Ocean City, NJ, 08226 Aditional Picture

748 Bdwk Rear, Ocean City, NJ, 08226

$4,500,000

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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

Listing courtesy of: BHHS FOX and ROACH-109 34th OC
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional Multiple Listing Service. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Information is deemed to be accurate but not guaranteed. Copyright South Jersey Shore Regional Multiple Listing Service. All rights reserved.
Total Rooms
Full Bath 0
# of Stories
Year Build
Lot Size
Tax 13368.00
SQFT
OutsideFeaturesSecurity Light/System
Bedrooms 0
Half Bath 0
# of Stories
Lot Dimensions
# Units
Tax Year 2020
Area Ocean City/Gold Coast
ParkingGarageOther (See Remarks)
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Nearby Listings

2021 has over $43,745 income w/21 weeks rented, plus a 21-22 winter rental. 2020 income $36,612.36 BOTH NET AFTER COMMISSIONS! Prior years equally as impressive. Rents 100% solid year after year. Completely gutted & remodeled. 2 short blocks to center of boardwalk and 9th/10th St. beaches. Perfect center city location, EVERYTHING within walking distance! Largest unit in building (@956 sq.ft.). 2BR, 2.BA that Sleeps EIGHT (8). Granite countertops, wood cabinets throughout. In-unit washer/dryer. BR\'s are on opposite sides of the apartment for extra privacy. Parking for 1 car (City owned Lot, rented annually @$800/yr. off-site). Heated swimming pool, BBQ area & a large spacious sun deck. Condo Fee Includes wi-fi, cable, hot water. 39 unit condo building has @ 15 owners that rent weekly or seasonally in the summer and the rest don\'t rent at all. Check Associated Docs for P&L. OWNER FINANCING AVAILABLE TO QUALIFIED BUYER. $100,000 Down, 4%, 30 year amortization, 5 year balloon. OR $100,000 down, 6%, 30 year amortization, 10 year balloon. NOTE - After 5/1/21 all showings Saturdays only 11AM-2PM. This used to be the front rental office for the Sun Beach when Sun Beach was a motel. Even though Sun Beach no longer operates as a motel, this is still considered a commercial property. It requires a commercial mortgage, a cash buyer or take advantage of the Seller financing. The seller will also buy down any rate differences between a commercial loan and a residential loan.

Property 2

900 Wesley, Ocean City

  • 2

  • 2.0

  • $399900