|Type: Commercial||Style: 4-Story|
|City: Ocean City||Area: Central 7th-17th St|
|Sq ft: 0||Dimensions: 0|
Incredible Development Opportunity!
LOCATION- LOCATION- LOCATION!
Located in a highly coveted central part of the island, this huge Premier CORNER Double-Wide Lot measures 100 ft x 103 ft and is situated in the heart of the HOSPITALITY ZONE, which encourages Hotel/Restaurant Use and is approved for MIXED-USE / MULTIFAMILY development opportunity with 90% of allowable lot coverage. A few short blocks to the Ocean City pristine family beaches and world famous Boardwalk, the property is situated in the heart of the hospitality /residential zone district – along the walking corridor that connects Asbury Ave’s shopping district to the Ocean City Boardwalk.
Proposed drawings for 801 Wesley Ave are available.
Sellers envisioned building a MIXED-USE Building consisting of commercial space on the ground floor with 5 residential units on top with a large rooftop swimming pool with patios as an amenity. (In this scenario, Sellers may have interest in buying back the commercial units at a fixed price once project is completed.)
In addition, this property could also be COMMERCIALLY DEVELOPED into a small boutique hotel under a hospitality/hotel use opportunity. Approximately 25-30 lock outs may be possible (plus commercial units on ground floor) but final floor plan configuration of total units would still need to be determined. Many options here to explore!
The Mixed-Use/Multifamily Proposed Development Option Highlights Include:
4 high-end luxury units, ranging from 4 to 6 bedrooms, with 5 to 6 bathrooms each
1 smaller (2 bedroom) –more affordable unit
Private Elevator in Unit
3-story units, above ground floor retail
40 feet height, ocean views
Rooftop Swimming Pool
Balconies on each floor
Private parking underneath
Call Kristina Directly at (609) 412-5547 for more information and schedule a site visit.
Call Us: (609) 412-5547
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