228 Bay Ave Waterfront Development Mixed Use: 224-228 Bay Ave,Ocean City NJ, 08226
Last Updated: 12/6/2016 3:51 PM
Description for 228 Bay Ave Waterfront Development Mixed Use: 224-228 Bay Ave 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/tons of options for waterfront/marine commercial use, it's situated next to beautiful open public park space & docs & 2 blocks from the Gardens neighborhood & Yacht Club. Location is one of a kind, full of infinite opportunity! Current owner owns a residential unit & 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 build your very own gorgeous custom home on top of 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 boat slips; or develop a mixed use condo property of your very own creation. Bulk head & docks are new! Acquisition & creative development options w/some income producing possibilities are endless. Property is priced for quick sale -call today!
Public Water Service, Gas Water Heater
Central Air, Window Air Conditioning, Gas
Gas Heat, Forced Air, Baseboard
Exterior / Lot Features
100 x 300, Less than One Acre
Water Front, Seawall/Bulkhead, Boat Slip, Dock, Handicapped Access, Shed, Sidewalks, Bay Front, Marina, Concrete Road, Gravel Road, Curb, Paved Road
Current market conditions for 228 Bay Ave Waterfront Development Mixed Use: 224-228 Bay Ave
Active Market Trends
Median list price$539,900
Days on market162
Properties for sale696
Sold Market Trends
Median sold price$509,250
Sales to list price9,591.0%
Median sq ft price$363
Arrows indicate 90 day trend
Listing Price History for 228 Bay Ave Waterfront Development Mixed Use: 224-228 Bay Ave
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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