1101 Ocean Ave - Commercial LAND FOR SALE


Ocean City, NJ 08226 82,328 SF
$25,000,000 USD
609-602-2303
1101 Ocean Ave, Ocean City, NJ for Sale
$25,000,000 USD
Commercial LAND - FOR SALE
1/2
82,328 SF

1101 Ocean Ave
Ocean City, NJ 08226


OVERVIEW

Seize a unique opportunity to transform a vacant parking lot into the Soleil Resort, a fully approved 111-unit condominium hotel in Ocean City, NJ. Situated at 1101 Ocean Avenue, this beach block site neighbors the historic Flanders Hotel, boasting prime ocean and bay views in “America’s Greatest Family Resort.” The approved development plan, this blank canvas is set to become a six-story luxury midrise, redefining coastal living. Currently a parking lot, the property is approved for 111 two- and three-bedroom condos (1,100 SF each) with balconies or porches, plus a 400-space garage with valet and stacking. Amenities include a pool, sun deck, rooftop lounge, spa, fitness center, and restaurant—perfect for vacationers, second-home buyers, and rental investors. Approved by the Planning Board (2017) and with a CAFRA permit (2018). Ocean City’s 8-mile beaches, vibrant boardwalk, and family-friendly appeal draw millions yearly, driving demand in a low-inventory market. This site offers a turnkey chance to capitalize on a thriving coastal destination with a premium project. Contact Eric Booth at 609-602-2303 for details or a site visit. Due diligence materials are available upon request.

FOR SALE DETAILS

PRICE

$25,000,000 USD

PRICE/ACRE

$13,227,577/AC

PRICE/SF

$304 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Soleil Resort

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Mixed Use, Multi-Family, Hospitality, Apartment Units - Condo, Hotel, Parking Garage, Parking Lot, Planned Unit Development

LAND ACRES

1.89 AC

LAND SF

82,328 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

Redevelopment

APN/PARCEL ID

08-01101-0000-00001

ASK ABOUT THIS PROPERTY

Eric BoothCOMPASS REMore Info
609-602-2303

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Eric BoothCOMPASS REMore Info
609-602-2303

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.