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    1340 Asbury Ave Ocean City, NJ 08226

    For Sale
    $1,795,000

    Commercial/Industrial - Ocean City, NJ

    Days on Market:
    282
    Last Refresh:
    Dec 11 at 11:06 am

    Property Features for 1340 Asbury Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    n/a

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Number of units
    1
    Flooring type
    Other
    Building materials
    Other, See Remarks
    Architectural style
    Other

    eXp Realty, LLC (866) 201-6210 [email protected]

    Listing agent Jeffrey Quintin (866) 201-6210 License #9134206

    Listing date Mar 5, 2025

    MLS# 250611 Listing URL

    Copyright © 2025 Cape May County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ocean City Commercial/Industrial Opportunity

    This is a rare opportunity to own a cornerstone business in Ocean City: Boyar’s Market. Established in 1924, this neighborhood market has served the community for over 100 years. A new store was built in 2004 on its original site. The sale includes real estate and a thriving business, featuring a fully equipped kitchen, deli, grocery store, and a catering operation. The property is located in a prime downtown location with high foot traffic.
    Property Profile Location Intelligence

    Current Use by Public Records

    Boyar's Market Grocery Store WSFS ATM Atm LibertyX Bitcoin ATM Atm

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Blitz's Market, ACME Markets

    Location Insight

    • Map
    • Local Demand
    City
    Ocean City
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.6047
    Latitude
    39.25712

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    FAQs

    What type of property is this?
    Grocery and convenience store - Cornerstone Ocean City business with real estate for sale.
    Where is this grocery and convenience store located?
    The property is located at 1340 Asbury Ave Ocean City, NJ.
    What is the asking price?
    The asking price for this property is $1,795,000.
    What are key features of this property?
    This property features: - Established business (Boyar's Market) operating for over 100 years.; - Includes real estate and thriving business.; - Prime downtown Ocean City location with high foot traffic.
    (866) 201-6210
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1340 Asbury Ave Ocean City, NJ 08226
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