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$ 2,374,999
Est. payment | /mo
$ 2,374,999
Est. payment | /mo
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 603342
Style Restaurant
Annual Tax Amount $8,452
Tax Year 2024
Property Description
Golden Investment Opportunity – Prime Downtown Ocean City Real Estate! Here's your rare chance to capture both the golden goose and the golden eggs! Located at the high-traffic corner of 9th Street & Central Avenue, this offering includes: Two Commercial Units (503 & 505) — Highly visible and currently leased to a thriving restaurant with approx. 2000 sq ft, monthly rental is $3957 lease ending November with 3% annual increase (business not included in sale). Three (ea) 3-Bedroom 1-Bath Apartments & 1 (ea) 3 bedroom 2 bath aptartment — Fully leased at $1,600/month each, providing immediate rental income. This is a trophy location on the northeast corner of 9th & Central, delivering excellent visibility from both foot traffic and beach-bound vehicles. Key Highlights: Prime downtown Ocean City address Established rental income stream Strong commercial tenant in place High-visibility corner lot Don't Miss Out — Opportunities like this don't come often. Secure a premier income-generating property in the heart of Ocean City today! Property is being sold "As Is". Inspections performed are for informational purpose only. Owners will consider selling separate addresses. For example, separate offers on 503 or 505
Location
State NJ
County Cape May
Community Ocean City
Area Ocean City/Central
Location Details Boardwalk,Business District
Rooms
Basement Slab
Interior
Interior Features 220 Volt Electricity, Fire Sprinkler System, Restroom, Smoke/Fire Alarm
Heating Baseboard, Gas-Natural, Hot Water
Exterior
Parking Features None
Roof Type Flat,Tar
Building
Sewer Public Sewer
Water Public
Listed by BERGER REALTY-Main
Schools and Properties Nearby
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