Remarks

This Ocean Block +/-35,000 parcel is prime to be redeveloped. Perfect mixed use site, in the Borough Re-development Zone AKA has the designation of an ''Area in Need of Redevelopment'' that affords the developer some Zoning Relief. Existing density, height and other requirements could be exceeded as recently approved on a similar property 2 blocks North of here. Developer could get tax abatements for future development and demo money for site prep. Go to docs tab for the survey. Presently a 36 unit Motel with 16 apartments and 20 motel rooms plus 2 managers apts. Walk to beach, boardwalk, rides, restaurants and shopping, Value is in the land for this ocean block parcel. Walk to beach, boardwalk, rides, amusements, restaurants and shopping. 1 Hr from NYC, Philly and AC off Pkwy Exit 82.

Details

MLS#: 22201269
Price: $5,499,999

Style: Commercial
Sq Ft: 35000

County: Ocean
Lot Size: 200 x IRR 35,000 sq ft
Tax Fee: 66284