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$ 25,000,000
Est. payment /mo
Active
1101 Ocean Ave Ocean City, NJ 08226
1.9 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 594386
Style Commercial,Hotel
Annual Tax Amount $56,347
Tax Year 2024
Lot Size 1.900 Acres
Property Description
Current Parking Lot located at 1101 Ocean Avenue adjacent to the landmark Flanders Hotel in Ocean City, NJ, offers an approved 111-unit condominium hotel development on a prime beach block vacant lot. This six-story boutique midrise features 111 spacious two- and three-bedroom condo units, each 1,100 SF, with ocean, bay, and pool views. With Final Site Plan approvals secured and a CAFRA permit in hand, this project is poised to capitalize on Ocean City's status as one of the country's finest year-round resort islands. In a market with historically low housing inventory and unwavering tourism demand, The Soleil Resort project promises to redefine investment luxury units in Ocean City and Cape May County.
Location
State NJ
County Cape May
Community Ocean City
Area Ocean City/Central
Location Details Beach Block,Business District,Corner,Boardwalk Area
Exterior
Parking Features 11 or More Spaces
Listed by Compass New Jersey-Ocean City