Ocean City, NJ 08226,300-02 BAY AVE
Ocean City, NJ 08226,300-02 BAY AVE
Ocean City, NJ 08226,300-02 BAY AVE
Ocean City, NJ 08226,300-02 BAY AVE
Ocean City, NJ 08226,300-02 BAY AVE
Ocean City, NJ 08226,300-02 BAY AVE
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$1,300,000

$1,600,000

18.8%
Est.Price: ?

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Est. payment /mo

2,574 Sqft Lot


SOLD DATE : 02/20/2024

Key Details

Sold Price $1,300,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID NJCM2002826

Sold Date 02/20/24

Originating Board BRIGHT

Year Built 1935

Annual Tax Amount $5,531

Tax Year 2022

Lot Size 2,574 Sqft

Acres 0.06

Lot Dimensions 25.00 x 103.00

Property Description

FAMILY- OWNED BAYFRONT MIXED-USE INVESTMENT OPPORTUNITY Welcome to 300 Bay Ave, Ocean City, NJ 08226. Thisextraordinary property offers a sensational investment opportunity like no other. With a rich history dating back to 1950, this family-ownedbusiness comes complete with Real Estate, Business, Equipment, and even a Riparian Grant. Step inside this remarkable property and findyourself immersed in a thriving commercial environment. The main floor boasts a spacious bait/tackle shop, perfectly positioned for maximum customer exposure. And that's not all - with 10 boat slips, including space for a 35' vessel, you'll have endless potential for maritime ventures. Looking to capitalize on additional rental income? Take advantage of the 1 BR Apartment, which is perfectly suited for appealing to the lucrative Air BnB market. There's also a stunning 2 BR apartment on the second floor, complete with a loft space on the third floor - ideal for those seeking a luxurious coastal retreat. But it's not just the property that sets this investment apart. Included in the sale are 7 24', 12-passengerpontoon boats, ensuring endless possibilities for recreational fun. Immerse yourself in captivating sunsets and the vibrant atmosphere of the Jersey Shore. Don't let this exceptional investment opportunity slip away - schedule a viewing today!

CASH ONLY, AS-IS

Location

State NJ

County Cape May

Area Ocean City City (20508)

Zoning MVH

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Heat Source Natural Gas

Exterior

Waterfront Y

Water Access Y

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

High Schools Ocean City

School District Ocean City Schools

Others

Tax ID 08-00312-00001

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Richard Baehrle • BHHS Fox & Roach-Northfield
Bought with NON MEMBER • Non Subscribing Office
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