Last Updated: 10/28/2016 5:05 AM
Description for 228 Bay Ave UNIT 224 Ocean City, NJ 08226
JUST REDUCED! Desirable OPEN BAY location is the envy of every Waterfront Property owner boasting Breathtaking Vibrant Sunsets, Panoramic Open Bay Views & quick minutes from open Atlantic Ocean. Property survey for combined double lot of 100 x 300 including docs/marina w/Riparian Water Rights. Set on the tip of the Marine Village Harbor Zone, which allows for mixed residential waterfront development w/any type of waterfront/marine commercial use, it's situated next to beautiful open public park space & docs and 2 blocks from the Gardens neighborhood & Yacht Club. The location is one of a kind, full of infinite opportunity! Current owner owns a residential unit w/open bay panoramic views & operates an Ocean City landmark seafood restaurant on premises, known as McGladeâs Restaurant w/approved indoor and outdoor seating up to 100+; covered decks & cabana; parking lot for 6+ spots; & huge 200 ft dock marina w/mercantile license approved for 100 watercraft, along w/ NJ riparian water rights out into Open Bay. Chose to either buy & operate your own restaurant business & marina; build your very own gorgeous custom home on top of an income producing commercial use or simply use the commercial license to rent out your own boat slips to friends, family, neighbors etc; create your own boat/marina business; condo off & sell some or all of the boat slips; or develop a mixed use condo property of your very own creation. Bulk head & docks are new & property is priced for quick sale!
Gas Water Heater, Public Water Service
220v Service, Three Phase Available, Separate Gas Meter
Central Air, Wall Air Conditioning, Ceiling Fan(s)
Gas Heat, Forced Air
Exterior / Lot Features
100 x 300
Dock, Extra Storage, Handicapped Access, Bay Front, Island
Current market conditions for 228 Bay Ave UNIT 224
Active Market Trends
Median list price$559,900
Days on market156
Properties for sale694
Sold Market Trends
Median sold price$459,000
Sales to list price95.7%
Median sq ft price$342
Arrows indicate 90 day trend
Listing Price History for 228 Bay Ave UNIT 224
Ocean City Real Estate
Ocean City is located in New Jersey. Ocean City, New Jersey 08226 has a population of 11,790.
The median household income in Ocean City, New Jersey 08226 is $56,463. The median household income for the surrounding county is $56,370 compared to the national median of $53,046. The median age of people living in Ocean City 08226 is 52.5 years.
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