Buy and Sell with Bob
Bob Gullo
856-522-4121856-522-4121

805 Atlantic Ave, Ocean City, NJ 08226 (MLS # 528628)

Save to Favorites
Print
Share
PRICE $7,500,000
SIZE n/a
LOT SIZE 43,560 sqft

ATTENTION ALL HOTEL OWNERS, DEVELOPERS & INVESTORS! Here is your rare "Once In a Lifetime Chance" to acquire ONE ACRE of Prime BEACHBLOCK/OFF BOARDWALK Landmark real estate and develop/build your own legacy in the heart of Ocean City’ s new hospitality zone overlooking ocean/beach & boardwalk! This luxury development project, together w/its lucrative hotel use approval, is virtually "SHOVEL READY!" and is now being offered for sale (or joint venture opportunity). The central location of these sale properties are indisputably positioned within Ocean City’s highest traffic volume for beach/boardwalk/hospitality/tourist destination spots. Seller is willing to sell real property AS IS, together w/all project development approvals granted year to date, OR...engage a potential investor/ JV Partner in constructing the project. Sale includes: One generous CONTINUOUS ACRE of very rare corner property off Beach & Boardwalk; 3 adjacent Commercial AS IS income-producing producing properties (2 hotels + 1 apt bldg); PRELIMINARY SITE PLAN APPROVAL to build 35 (3bed/3bath) lock out units w/desirable hotel-use approval; and CAFRA approval. Due to its history, size, & unbelievable LOCATION, this exquisite property is already considered a landmark Jersey Shore destination; & it's destined to instantly become the #1 place to own, vacation, escape to relax & play in Ocean City NJ. Financially qualified buyers only please- NDA required.

DAYS ON MARKET -11 LAST UPDATED 1/31/2020
COMMUNITY Ocean City/Central COUNTY Cape May
STATUS Sold PROPERTY TYPE(S) Commercial


ADDITIONAL DETAILS
AIR CONDITIONING Ceiling Fan(s), Multi-Zoned, Window Units
AUCTION Y/N No
AVAILABLE Equipment, Fixtures, Furnishings, Income Expense Info., Inventory, Lease Information, Living Space, Other (See Remarks), Refrigeration/Freezer, State Housing Certificate, Utility Information
CLASS COMMERCIAL/INDUSTRIAL
EXTERIOR FEATURES Fence, Security Light/System, See Remarks, Sign, Swimming Pool
FLOORING Carpet-Partial, Carpet-Wall to Wall, Concrete, Hardwood, Linoleum/Vinyl, Other (See Remarks), Slab
HEATING Baseboard, Forced Air, Gas-Natural, Hot Water, Multi-Zoned, See Remarks
HOT WATER Gas
INTERIOR FEATURES Elevator Pass, Fire Sprinkler System, Living Space Available, Restroom, Security System, Smoke/Fire Alarm, Storage
LOCATION Beach Block, Boardwalk, Boardwalk Area, Business District, Commercial Park, Corner, Island, See Remarks, Shopping Center
PARKING 11 or More Spaces, Assigned, One per Unit Motel/Hotel, Other (See Remarks), Paved
ROAD FRONTAGE Township
SALE/RENT For Sale
SEWER Public Sewer
SPECIALTY ROOMS Laundry Room, Office Space Avail., Utility Room
STYLE Comm. w/Apartments, Commercial, Hotel, Motel, Other (See Remarks)
WATER Public

ZESTIMATE
  805 Atlantic Ave, Ocean City, NJ

RENT ZESTIMATE
  805 Atlantic Ave, Ocean City, NJ

79 Very Walkable



 
CONTACT US ABOUT 805 ATLANTIC AVE
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Bob Gullo to contact you even if your name is on a Federal or State "Do not call List".

Listed with KELLER WILLIAMS REALTY JERSEY SHORE-Ocean City

Properties marked with the Broker Reciprocity icon are provided courtesy of the South Jersey Shore Regional MLS Broker Reciprocity Database.

Real estate listings held by brokerage firms other than Jesse Real Estate Inc. are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

Information Deemed Reliable But Not Guaranteed. © 2020 South Jersey Shore Regional Multiple Listing Service. All rights reserved.