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    503-505 E 9Th St Ocean City, NJ 08226

    For Sale
    $2,499,999

    Commercial - Ocean City, NJ

    Days on Market:
    157
    Last Refresh:
    Dec 6 at 4:06 am

    Property Features for 503-505 E 9Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Fire Alarm, Fire Sprinkler System
    Rooms
    Basement
    Interior features
    220 Volt Electricity, Fire Sprinkler System, Restroom, Smoke/Fire Alarm
    Basement Y/N
    1

    Utilities

    Utilities
    Electricity Available
    Heating system
    Baseboard, Hot Water (Heating), Natural Gas
    Cooling system
    Multi Units, Window Unit(s)
    Water front features
    Waterfront
    Water front
    1

    Building Details

    Number of units
    6
    Building materials
    Brick
    Roof type
    Flat

    Berger Realty (609) 399-0076 [email protected]

    Listing agent GEORGE CASH (609) 399-0076 License #0559285

    Listing date Jul 3, 2025

    MLS# 595719 Listing URL

    Copyright © 2025 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Ocean City Mixed-Use Property

    This property is located at the high-traffic corner of 9th Street and Central Avenue in downtown Ocean City. It includes two commercial units, currently leased to a restaurant. The restaurant space is approximately 2000 square feet. Additionally, the property features three apartments with three bedrooms and one bathroom each, and one apartment with three bedrooms and two bathrooms. All apartments are fully leased at $1,600 per month each, providing rental income. The property is positioned on the northeast corner of 9th and Central, offering visibility to both pedestrian and vehicular traffic.
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Law Firm Realty agency Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Building Supply Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Ocean City
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.5752518
    Latitude
    39.2782369

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    FAQs

    What type of property is this?
    Mixed-use property - High-traffic corner property with commercial units and apartments.
    Where is this mixed-use property located?
    The property is located at 503-505 E 9Th St Ocean City, NJ.
    What is the asking price?
    The asking price for this property is $2,499,999.
    What are key features of this property?
    This property features: - Prime downtown Ocean City location at the high-traffic corner of 9th Street & Central Avenue.; - Established rental income stream from four apartments, fully leased at $1,600/month each.; - Two commercial units currently leased to a thriving restaurant.
    (609) 399-0076
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    503-505 E 9Th St Ocean City, NJ 08226
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    Ocean City, NJ 08226
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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
    503-505 E 9Th St Ocean City, NJ 08226
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