Max Spann auctioning waterfront properties in Wildwood, NJ & on Chesapeake Bay in MD
Wildwood, NJ & Chesapeake Bay, MD — Two waterfront properties that offer development opportunities for residential development with boat slips in Ottens’ Harbor in Wildwood, NJ, and on the Chesapeake Bay in Charlestown, MD, are being put on the auction block in July.
Max Spann Real Estate & Auction Co., offering more than 50 years of trusted service, has scheduled the Maryland auction for July 8 at 1 p.m. on site at 724 Water Street in Charlestown. Property previews have been scheduled from noon to 2 p.m. on Wednesday, June 17 and Wednesday, June 24. Minimum bidding is starting at $395,000.
The New Jersey auction has been scheduled for July 9 at 1 p.m. at the offices of the DeWeese Law Firm, 3200 Pacific Ave., Wildwood, NJ. Property previews have been scheduled from noon to 2 p.m. on Thursday, June 18 and Thursday, June 25.
The Maryland property is 5.4 acres with riparian rights in the shoreline recreational residential district, which allows a wide range of uses from single-family, multi-family, marina and recreational uses. The property has water, sewer, gas and electric on site and is minutes from I-95, and convenient from Baltimore, Philadelphia, Wilmington, DE., and Cherry Hill, NJ.
“This is a fantastic opportunity to develop this site into luxurious homes with boat slips or a 108-slip deep water marina at the top of the Chesapeake Bay,” said Bob Dann (pictured), executive vice president & chief operations officer for the firm. “The new bulkhead is in and the marina office is already built.”
The 1.179-acre Wildwood property located at 780 West Montgomery Ave. is zoned marine commercial-residential and has secured development permits from the New Jersey Department of Environmental Protection, the Coastal Area Facility Review Act (CAFRA) as well as the U.S. Army Corps of Engineers Individual Permit, Coastal Wetlands Permit and Waterfront Development Permit.
“This is a prime location for multifamily, condominiums, townhomes or residential development,” Dann said.
Ottens’ Harbor has a long history in Wildwood’s fishing industry, dating to 1906, when Henry H. Ottens expanded the Holly Beach Harbor, bringing in a marine railway to the harbor, and an ice house. The harbor quickly became the hub of Wildwood’s commercial fishing industry, according to WildwoodHistory.org.
But today, only a few commercial fishing vessels remain as a result of declining fish populations, government regulation and the boom of real estate development, according to the website.
To take the next step, call 888-299-1438 for the property information package, to attend the auction and to bid. For more information about the auction of this property, visit maxspann.com, or follow Max Spann on Facebook/MaxSpann and Twitter/MaxSpann.