900-908 Bay Ave - Storefront Retail/Office FOR SALE


Ocean City, NJ 08226
$3,999,000 USD
609-412-5547
900-908 Bay Ave, Ocean City, NJ for Sale
$3,999,000 USD
Storefront Retail/Office - FOR SALE
1/46
null | Request Cap Rate

NEW


900-908 Bay Ave
Ocean City, NJ 08226


HIGHLIGHTS

  • TROPHY CORNER LOCATION-High visibility off 9th St Bridge - Situated NEAR OPEN BAY in Ocean City NJ
  • Mixed-Use Development Opportunity on 127x107 Bay Ave side lot + Commercial on 100x107 corner lot (Total 227x107 HUGE CORNER)
  • Redevelopment -NEW CONSTRUCTION Opportunity
  • Expansion -redevelopment of existing building previously approved
  • Sale is AS IS, existing operating retail store, which can be enlarged/expanded

OVERVIEW

TROPHY LOCATION - LOCATION - LOCATION! This super rare Double-Sized 227x107 HUGE CORNER LOT is located NEAR OPEN BAY in Ocean City NJ's Drive-in Business /Mixed-Use Zone and offers incredible ENDLESS POSSIBILITIES! Enlarge existing commercial expansion ideas and/or pursue various Mixed-Use Redevelopment Opportunities! Currently, there is a landmark operating business situated on the property known as “Island Beach Gear”. Main retail floor boasts 8,400 sq ft with an additional 2,100 sq ft of storage on the 2nd floor off the back of the building with a total of 10,500 sq ft of operational retail space, plus a large parking lot and delivery trailer access in the side of building. Approved uses in this zone include retail, professional office, food service/restaurants, drive thru business, and many others. There is an easement off the backside of the property for the benefit of the owner. In past years, existing business owners secured approvals for an expansion of the existing retail operation which included a two-story building (images of approved plans are included). Another fabulous option is redevelopment! The coveted commercial 100x107 corner parcel boasts the highest traffic intersection in all of Ocean City which translates to high volume traffic and lucrative profits for any business with the highest visibility like no other which you want to design and call your own for this corner. Current tenant will vacate upon sale of property. Once an owner of the property, you may also opt to pursue a variety of mixed-use options, or apply for subdivision for residential use approval, which currently has precedent on the rest of the block. As per most recent sold market comparables, property is attractively priced for a quick AS IS sale. Call us directly for more specific details, to schedule a private showing and make an offer today!

FOR SALE DETAILS

PRICE

$3,999,000 USD

PRICE/SF

$419 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Island Beach Gear - Double-Sized CORNER Lot

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Fast Food, Storefront, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,289 SF

ZONING

Drive-in Bus/Mixed-Use

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Kristina DolisznyOcean City Real Estate Grp, eXp RealtyMore Info
609-412-5547

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Kristina DolisznyOcean City Real Estate Grp, eXp RealtyMore Info
609-412-5547

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