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

$1,600,000

18.8%
Est.Price: ?

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

Est. payment /mo

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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Bright MLS (BMLS)
Listed by Richard Baehrle • BHHS Fox & Roach-Northfield
Bought with Kevin McGonigal • RE/MAX Ready
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39 S. Main Street, Suite 201, Hill, NJ, 08

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