300 Bay Ave, Ocean City, NJ 08226

$1,300,000
Sold Price
$1,300,000
List Price
$1,600,000
Closing Date
Feb 20, 2024
Days on Market
105
Status
CLOSED
MLS#
NJCM2002826
Lot Size (Acres)
0.06
Year Built
1935
County
Cape May
School District
Ocean City Schools

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

Additional Information

Area
Ocean City City (20508)
Taxes
$5,531
High School
Ocean City
Heating
Forced Air
Cooling
Central Air
Water
Public
Sewer
Public Sewer

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Listing courtesy of BHHS Fox & Roach-Northfield. Contact:

Selling Office: Non Subscribing Office.