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$ 7,000,000
Est. payment | /mo
1.02 Acres Lot
$ 7,000,000
Est. payment | /mo
1.02 Acres Lot
Key Details
Property Type Vacant Land
Sub Type 1+ to 5 Acres
Listing Status Active
Purchase Type For Sale
MLS Listing ID 589469
Tax Year 2023
Lot Size 1.020 Acres
Property Description
Located at the corner of 34th and Bay Ave in Ocean City, NJ, this property offers a prime real estate opportunity with significant redevelopment potential. Currently housing 32 condo units, its proximity to The Garden State Parkway enhances its desirability, providing convenient access to transportation and nearby amenities. Ocean City itself is renowned for its beaches and community atmosphere, making it a sought-after location for both residents and vacationers. The existing property presents a great opportunity for redevelopment, catering to developers looking to enhance the property's value through modernization or expansion. This investment opportunity not only promises attractive returns but also aligns with the vibrant coastal lifestyle that Ocean City is known for, making it a compelling option in the region's competitive real estate market.
Location
State NJ
County Cape May
Community Ocean City
Area Ocean City/Bay Area
Others
Senior Community No
Listed by SABAL REAL ESTATE
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