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300 Bay Ave, Ocean City, NJ 08226
$1,300,000
300 Bay Ave, Ocean City, NJ 08226View this property at 300 Bay Ave, Ocean City, NJ 08226
300 Bay AveOcean CityNJ08226
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Property Description
FAMILY- OWNED BAYFRONT MIXED-USE INVESTMENT OPPORTUNITY Welcome to 300 Bay Ave, Ocean City, NJ 08226. Thisextraordinary property offers a sensational investment opportunity like no other. With a rich history dating back to 1950, this family-ownedbusiness comes complete with Real Estate, Business, Equipment, and even a Riparian Grant. Step inside this remarkable property and findyourself immersed in a thriving commercial environment. The main floor boasts a spacious bait/tackle shop, perfectly positioned for maximum customer exposure. And that's not all - with 10 boat slips, including space for a 35' vessel, you'll have endless potential for maritime ventures. Looking to capitalize on additional rental income? Take advantage of the 1 BR Apartment, which is perfectly suited for appealing to the lucrative Air BnB market. There's also a stunning 2 BR apartment on the second floor, complete with a loft space on the third floor - ideal for those seeking a luxurious coastal retreat. But it's not just the property that sets this investment apart. Included in the sale are 7 24', 12-passengerpontoon boats, ensuring endless possibilities for recreational fun. Immerse yourself in captivating sunsets and the vibrant atmosphere of the Jersey Shore. Don't let this exceptional investment opportunity slip away - schedule a viewing today! CASH ONLY, AS-IS
Full Property Details
Full Property Details for 300 Bay Ave
General
- Sold For: $1,300,000
- Taxes: $5,532 (2022)
- Status: Closed
- Type: Duplex
- MLS ID: NJCM2002858
- Added to Site: 203 day(s) ago
Parking
- Parking Type: On Street
Location
- Area: Ocean City City (20508)
- Municipality: OCEAN CITY CITY
- County: Cape May
- Driving Directions: BAY AVE & BAY
School Information
- School District: Ocean City Schools
Heating & Cooling
- Cooling Type: Other
- Cooling Fuel: Natural Gas
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Other
- Architectural Style: Other
- Structure Type: Detached
- Construction: Frame
- Foundation: Block
- Stories/Levels: 3
- Square Feet: 2,346
- Sq. Ft. Source: Estimated
- Living Area: 2,346 Sq. Ft.
- Finished Above Grnd: 2,346 Sq. Ft.
- Year Built: 1934
- Year Built Source: Estimated
Unit Information
- 1 Bedroom Units: 1
- 2 Bedroom Units: 1
Lot Features
- Lot Size (Acres): 0.06
- Lot Size (Sq. Ft.): 2,613
- Lot Size Source: Estimated
- Zoning: MVH
Water Features
- Water Front: Yes
- Navigable Water: Yes
- Water Access: Yes
- Water Front Type: Bay
- Dock/Slip Conveys: Yes
- Docks: 1
- Power Boats: 6
Financial Considerations
- Price Per Sq. Ft.: $682.01
- Assessment Year: 2022
- Tax w/Assessment: $537,600
- Tax Amount: $5,532
- Tax Year: 2022
- Terms: Standard Sale
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Ownership: Fee Simple
Listed by BHHS Fox & Roach-Northfield, Richard Baehrle
Sold by RE/MAX Ready, Kevin McGonigal
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Schools
Schools serving 300 Bay Ave
School District:Ocean City Schools
Rating | Name | Grades | Distance |
---|---|---|---|
550 West Ave, Ocean City, NJ 08226 | PK-3 | 0.3 mi | |
1801 Bay Ave, Ocean City, NJ 08226 | 4-8 | 1.7 mi | |
501 Atlantic Ave, Ocean City, NJ 08226 | 9-12 | 0.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 300 Bay Ave
Date
Details
Price
Change
Source
2/23/2024
Sold
$1,300,000
-18.75%
MLS
1/16/2024
Price Reduced
$1,600,000
-11.11%
MLS
11/16/2023
Listed
$1,799,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
300 Bay Ave, Ocean City, NJ 08226 (MLS# NJCM2002858) is a Duplex property that was sold at $1,300,000 on February 23, 2024. Want to learn more about 300 Bay Ave? Do you have questions about finding other Duplex real estate for sale in Ocean City? You can browse all Ocean City real estate or contact a Coldwell Banker agent to request more information.