• DESCRIPTION

    Ocean City NJ's FAMOUS LANDMARK Properties Are For Sale! This very RARE Once-In-A-Lifetime AQUISTION OPPORTUNITY sale is for 3 properties, currently operating as Tahiti Inn Motel & Apartments+3 developable lots, all whichtotal approx ONE (1) ACRE of Prime Coveted BEACHBLOCK/OFF-BOARDWALK OCNJ real estate. Just a few steps to beach & boardwalk, these 3 large parcels include: (1) 1125 Ocean Ave: Huge 210 x 130 CORNER property which currently includes the operating hotel/apt business. (2) 1115 Ocean Ave: PARKING LOT#1, next door to motel, is a combined double 90x130 lot. These two combined parcels provide 300 feet of frontage along Ocean Avenue and 130 deep, which can be subdivided into multiple duplex or triplex lots. (3) 1116 Ocean Ave: PARKING LOT#2: 50x135 lot across the street, est value: $2.5million & can build a triplex. All 3 parcels are located in Hospitality Zone, which boasts variety of impressive by-right development opportunities, which includes but is not limited to: Hotel/motel, commercial, restaurant, multifamily, residential, duplex, triplex, quad & mixed use. Hospitality properties like this one on such a huge piece of Beach Block / Off-Beach & Boardwalk ground is exceptionally rare to find on any island beach resort community, much less than in Ocean City NJ, Americas Greatest Family Resort! Call Now!

    KEY DETAILS
    • Price:
    • $13,500,000
    • Bedrooms:
    • 0
    • Full Baths:
    • 0
    • Square Footage:
    • n/a
    • Acreage:
    • 1.00
    • MLS #:
    • 564240
    • Street Address:
    • 1125 Ocean Ave
    • City:
    • Ocean City
    • State:
    • NJ
    • Postal Code:
    • 08226
    • County:
    • Cape May
    • Area:
    • Ocean City/Central
    • Listing Status:
    • For Sale - Undercontract-Cont Toshow

    Building

    • Construction Status:
    • Buildable Lot, Site Plan Required

    Land

    • Conforms To Zoning:
    • Commercial, Duplex, Hotel/Motel, Mixed Use, Multi Family, Residential, See Remarks
    • Land Improvements:
    • Curb, Paved Road, Sidewalks, See Remarks
    • Road Frontage:
    • Town
    • Road Type:
    • Black Top/Macadam, Concrete
    • Topography:
    • Level, Partially Cleared, See Remarks

    Listing

    • For Sale Or Lease?:
    • For Sale
    • Price Per Acre:
    • 13500000

    Money

    • Tax Year:
    • 2021

    Source

    • Listing Provided By Keller Williams Realty Jersey Shore-Ocean City

      SJSRMLS
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    NOTES

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