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Mixed-Use Property with Apartments
For Sale
$2,374,999

503-505 E 9th Street, Ocean City, NJ 08226

COMMERCIAL/INDUSTRIAL, Ocean City, NJ

Property SizeContact for details
Days on Market248

Property Features for 503-505 E 9th Street

General Information

Property type Commercial Sale
Property subtype Other
Interior features 220 Volt Electricity, Fire Sprinkler System, Restroom, Smoke/Fire Alarm
Lot features Boardwalk, Business District
Directions GSP south exit 34. Follow to 9th street. 3rd light is 9th & Central ave listing is on the left.
Subdivision Ocean City/Central
Standard status Active

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 8452

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Baseboard, Hot Water(Heating)
Cooling system Window Unit(s)
Water source Public
Water front 1

Building Details

Number of units 6
Roof type Flat
Listing Agency: BERGER REALTY-Main
Listed By: GEORGE CASH · License #0559285
Added: Dec 29, 2025 Changed: Sep 2 Last Checked: Sep 3 at 12:06PM
MLS# 603342

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This mixed-use property at 503-505 E 9th Street combines two commercial units with four residential apartments. The commercial space totals approximately 2000 sq ft and is leased to a restaurant; the restaurant business is excluded from the sale. The residential component includes three 3-bedroom, 1-bath apartments and one 3-bedroom, 2-bath apartment, with all four apartments leased.

The property occupies the northeast corner of 9th Street and Central Avenue in Ocean City, placing the commercial units at a prominent intersection with exposure to pedestrians and vehicles traveling toward the beach. Building features include 220-volt electricity, a fire sprinkler system, restroom facilities, smoke/fire alarms, public water, public sewer, natural-gas baseboard and hot-water heating, window-unit cooling, and a flat roof. The property is offered as-is.

Key Highlights

  • Two commercial units at 503‑505 E 9th Street
  • Approximately 2000 sq ft of restaurant‑leased commercial space
  • Four leased apartments: three 3‑bedroom, 1‑bath units and one 3‑bedroom, 2‑bath unit

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Grocery & Convenience Store Garden Center Catering Service Home Appliance Store Veterinary Clinic (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,607
Businesses Nearby

Demographics for 08226, NJ

11,229
Population
20,905
Households
0.5
Avg Household Size
57
Median Age
55%
College-Educated
97%
High-School Grad
6.8 sq mi
ZIP Area
1,651
Density / Sq Mi
$101,782
Median Household Income
$54,323
Median Earnings
$1,670
Median Rent
$719,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Leased commercial and residential components create a mixed-use income property.
Where is this mixed-use property located?
The property is located at 503-505 E 9th Street Ocean City, NJ.
What is the asking price?
The asking price for this property is $2,374,999.
What are key features of this property?
This property features: Two commercial units at 503‑505 E 9th Street; Approximately 2000 sq ft of restaurant‑leased commercial space; Four leased apartments: three 3‑bedroom, 1‑bath units and one 3‑bedroom, 2‑bath unit
More about this property
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