503-505 E 9th Street, Ocean City, NJ 08226

$2,374,999

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List Price
$2,374,999
Status
ACTIVE
Days on Market
212
Price Change
▼ $125,000 1777143247
MLS#
603342
MLS Area Major
Ocean City/Central

Property Description

Golden Investment Opportunity – Prime Downtown Ocean City Real Estate! Here’s your rare chance to capture both the golden goose and the golden eggs! Located at the high-traffic corner of 9th Street & Central Avenue, this offering includes: Two Commercial Units (503 & 505) — Highly visible and currently leased to a thriving restaurant with approx. 2000 sq ft, monthly rental is $3957 lease ending November with 3% annual increase (business not included in sale). Three (ea) 3-Bedroom 1-Bath Apartments & 1 (ea) 3 bedroom 2 bath aptartment — Fully leased at $1,600/month each, providing immediate rental income. This is a trophy location on the northeast corner of 9th & Central, delivering excellent visibility from both foot traffic and beach-bound vehicles. Key Highlights: Prime downtown Ocean City address Established rental income stream Strong commercial tenant in place High-visibility corner lot Don’t Miss Out — Opportunities like this don’t come often. Secure a premier income-generating property in the heart of Ocean City today! Property is being sold "As Is". Inspections performed are for informational purpose only. Owners will consider selling separate addresses. For example, separate offers on 503 or 505

Additional Information

Interior Features
220 Volt Electricity, Fire Sprinkler System, Restroom, Smoke/Fire Alarm
Taxes
$8,452
Heating
Baseboard, Gas-Natural, Hot Water
Air Conditioning
Window Units
Exterior Features
Brick
Roof
Flat, Tar

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Calculator source: Real Geeks

Courtesy of BERGER REALTY-Main

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