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300-02 Bay Avenue

OCEAN CITY, NJ 08226
  • $1,300,000
  • STATUS: Closed
  • ON SITE: 106 Days
  • ID#: NJCM2002826
Sold - 02/20/2024
$1,300,000
SOLD - 02/20/2024
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1935
County:

School Information

High School:
School District:

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

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Asif Qadir Group | RE/MAX Premiere Selections. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-25T09:51:30.437.
www.asifqadir.com/homes/145175916
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300-02 Bay Avenue OCEAN CITY, NJ 08226

  • Price: $1,600,000
  • Status: Closed
  • On Site: 106 Days
  • Updated: 40 min ago
  • ID#: NJCM2002826
0
Beds
0
Baths
0
½ Baths
0.06
Acres
1935
Built
Neighborhood:
Ocean City City (20508)
County:
Cape May
Area:
Ocean City City (20508)
High School:
Ocean City
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
Exterior Features

Construction Materials Frame Docks 1 Garage YN No Location Type Free Standing Parking Types On Street Riparian Rights YN Yes Slips 5+ Water Access YN Yes Water Body Type Bay Water Oriented YN Yes Water View YN No Waterfront YN Yes

Interior Features

Building Area Total 0.00 Cooling Central A/C Heating Forced Air Heating YN Yes Inclusions BUSINESSREAL ESTATERIPARIAN GRANTFFE Net Square Feet 3000.00

Property Features

Accessibility Features None Assessment Year 2022 Business Type MarinaRecreationOther Buyer Financing Cash Central Air YN Yes Cooling Fuel Natural Gas Heating Fuel Natural Gas Hot Water Natural Gas Lease Considered YN No Municipality OCEAN CITY CITY Navigable Water YN Y New Construction YN No Non Power Boats Permitted 0 Number Of Units Total 0 Original MLSNumber 802728010910 Ownership Interest Fee Simple Physical Dock Slip Conveys YN Y Possession Settlement Power Boats Permitted 6+ Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 5531.00 Tax Assessment Amount 537600.00 Tax Lot 00001 Vacation Rental YN No Water Source Public Zoning MVH

Listing courtesy of BHHS Fox & Roach-Northfield: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Asif Qadir Group | RE/MAX Premiere Selections. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-25T09:51:30.437.
 
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