Southern New Jersey and Surrounding Areas

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9 E 55th St
Ocean City, NJ 08226
MLS# 568594 ID: 78696203
Property Description
6,001 To 10,000 Sqft - Ocean City, NJ Fantastic MIXED USE / MULTI-FAMILY Development OR Renovation Opportunity! Large Ocean City NJ Southend -Double CORNER 80 x 115 lot! Property is located just a 3 short blocks from Ocean City beaches, tucked right off of Ocean Drive & approved for "Mixed Use" in the Neighborhood Business Zone. PURCHASE AS IS to operate your own Restaurant/Neighborhood Food Service Business(s) or any other commercial use, plusĀ  renovate and/or expand/enlarge the existing 2nd Fl residential unit for your family to reside in, renovate/expand and/or rent out. The current Subject Property use is a Landmark famous Ocean City restaurant, known as "Captain Bob's Restaurant" that is approved for private membership BYOB dinners. Operational restaurant boats fantastic INDOOR-OUTDOOR Dining, Take Out Window & Tons of Parking. The inside of the existing restaurant has 12 tables/ seating for 52, but is zone approved for seating up to a 100 customers. Restaurant has two restrooms. The outdoor seating provides an addition 12 tables /seating for 24. Parking lot has 14 designated parking spaces, plus space for an additional 16 spaces if double-stacked/valet. The building also consists of a Seller's large private residential unit on the 2nd floor, consisting of 3 bedrooms and 1.5 baths; large eat in kitchen; living room; sitting room/den with fireplace; hardwood floors throughout; large standup storage attic; and garage. And if opting for an AS IS purchase, the whole property offers fantastic "value-add" upside potential if fully renovated/expanded.... OR... As a prospective development, choose to either: 1) Subdivide and build TWO 3-Unit buildings on 40x115 lots OR, 2) Build ONE large 7-Unit mixed use building on 80 x 115 lot (Similar concept 7-unit mixed-use building was just built on very small 50x70 lot at 601 Asbury Ave) and which still leaves generous space forĀ garages and plenty of parking. The proposed Seven (7) Unit development would include Four (4) extra large five to six bedroom luxury resi
Property Features
Days On Market 151 days
Last Updated March 25, 2023
Market Status Available
Property Type Land
Approx. Lot Size .22 Acres
Taxes 7878 (2022)
Listing Features
Property Type Lots And Land; 6,001 To 10,000 Sqft
Offered By:
Keller Williams Realty Jersey Shore - Ocean City

Data Provided by South Jersey Shore Regional MLS