$1,300,000
$1,600,000
18.8%For more information regarding the value of a property, please contact us for a free consultation.
300 BAY AVE Ocean City, NJ 08226
2,346 SqFt
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
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
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Kevin McGonigal • RE/MAX Ready