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- LoopNet Team
821 E 8th St
Ocean City, NJ 08226
Land For Sale
·
1.01 AC
INVESTMENT HIGHLIGHTS
- Location! 8th Street and the Boardwalk in OCNJ. Beach block next to boards.
PROPERTY FACTS
DESCRIPTION
Ocean City, NJ is known as America's Family Resort with great beaches, Boardwalk, Amusement Rides, shopping and restaurants. This Lot for Sale is in an ideal location next to the boardwalk and central to most attractions. Currently used as a parking lot, the real value would be in creating a new use such as a hotel, condos, mixed use, etc. and the zoning allows for all of this and more. A recent engineer's report states the highest and best use of the property would be the following options but not limited to a 70 room hotel structure with restaurant/retail space, multi family structure with 35 condo units, or a mix of both hotel and condo with parking below. If you want more detailed information please call Gina Farruggio 215-668-7471. I have city parking lot income averages, survey, engineer report, and much more.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $55,900 | |
| Land Assessment | $1,951,400 | Total Assessment | $2,007,300 |
PROPERTY TAXES
