NJ > Ocean City
Ocean City, NJ 08226,1101 Ocean Ave
Ocean City, NJ 08226,1101 Ocean Ave
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$22,500,000
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1.9 Acres Lot
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1101 Ocean Ave Ocean City, NJ 08226

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Michelle McMaster

Michelle McMaster

+1(856) 335-5586

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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

South Jersey Shore Regional MLS (SJSRMLS)
Listed by Compass New Jersey-Ocean City

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agent

Michelle McMaster

Broker | License ID: 1542221

+1(856) 335-5586

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1101 Ocean Ave

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