1125 Ocean Ave

Ocean City, NJ, 08226

$13,500,000

$13,500,000
Active
Active
 - For Sale
property_type
Land
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 which total 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, America’s Greatest Family Resort! Call Now!
MLS® ID:
564240
Updated:
6/25/22

Exterior/Building Features

Lot Size
1.0 acres lot

Other Property Details

Area Name
Ocean City/Central
Taxes
$0
Tax Frequency
per YEAR
Attached Garage
No
Parking
N
View
N
County
Cape May
Utilities
Cable, Electric, Gas, Sewer, Water
Pool
No
Zoning
Commercial,Duplex,Hotel/Motel,Mixed Use,Multi Family,Residential,See Remarks

 

Courtesy of Keller Williams Realty Jersey Shore-Ocean City

Information Deemed Reliable But Not Guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Novelli Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2022 South Jersey Shore Regional MLS. All rights reserved.

Data last updated 7:31 AM UTC, 6/25/22

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