$1,300,000
$1,600,000
18.8%For more information regarding the value of a property, please contact us for a free consultation.
2,346 SqFt
SOLD DATE : 02/23/2024
Key Details
Sold Price $1,300,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,346 sqft
Price per Sqft $554
MLS Listing ID NJCM2002858
Sold Date 02/23/24
Style Other
Abv Grd Liv Area 2,346
Originating Board BRIGHT
Year Built 1934
Annual Tax Amount $5,532
Tax Year 2022
Lot Size 2,613 Sqft
Acres 0.06
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 Other
Fireplace N
Heat Source Natural Gas
Exterior
Waterfront Y
Water Access Y
Accessibility None
Garage N
Building
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
School District Ocean City Schools
Others
Tax ID NO TAX RECORD
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Kevin McGonigal • RE/MAX Ready
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "