748 Boardwalk Rear

Ocean City, NJ
$ 4,500,000 Beds 0 Baths 0 Virtual Tour
Monthly Estimate* How much can I afford?

Rare opportunity to purchase 1.0 acre of land on the beach block. Developers/Investors this is your chance to build a new hotel and/or condos on the beach block in Ocean City, NJ. When have you ever seen a full acre for sale in the Hospitality Zone. Central Boardwalk Parking is located behind the Promenade Food Court adjacent to the boardwalk. Currently used as a parking lot with estimated 140 parking spots, this property is located in the "Hospitality Zone" in OCNJ so the possibilities are limitless. Close to the Music Pier, shopping, restaurants, amusement rides, and much more. Keep it as a parking lot and continue to generate income with little expenses or overhead or develop the property. This is all about LOCATION! See attached survey and allowable uses from the city. Also, this property has 2 tax parcels,748 Boardwalk & 821 E 8th St the List price includes both tax parcels

Land

  • Price
  • $ 4,500,000
  • Lot Size
  • 1 Acres
  • Bedrooms
  • 0
  • Full Bathrooms
  • 0
  • Half Bathrooms
  • 0
  • City, Zip
  • Ocean City
  • Taxes
  • 13095
  • County
  • CAPE MAY
  • Style
  • 1+ to 5 Acres
  • Area
  • Ocean City-Gold Coast
  • MLS#
  • 548558
  • Zip
  • 08226
Listing Provided by: BHHS FOX and ROACH-109 34th OC
Data Source: South Jersey Shore Regional MLS

Features

General

Class LOTS/LAND
Development Status Buildable Lot
Listing Area Ocean City/Gold Coast
Location Beach Block, Boardwalk Area
Status Active
Status Active
Tax Year 2018
Taxes 13095
Topography Level
Type 1+ to 5 Acres
Utilities Available Cable, Electric, Gas, Sewer, Water
Zoning Commercial, Duplex, Hotel/Motel, Mixed Use, Multi Family, Residential

Exterior Features

Lot Dimensions 75x487
Lot Size Area 1
Road Type Black Top/Macadam

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Villas, NJ office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

3/22/2021 Listed $4,500,000

Property vs Zip Code Average in 08226

Price
AVG $3.07M
$4.5M
Taxes
AVG $8,588
$13,095
Visits
AVG 32
31
Walkscore
AVG 48
59
Data Provided by Walkscore ® not using MLS data

Map

748 Boardwalk Rear Ocean City, NJ is a Single Family Home for sale at $4500000 and a lot size of 1 Acres Acre(s). 748 Boardwalk Rear Ocean City has 0 bedrooms, 0 baths . The property's zip code is 08226 which is in Ocean City, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.