OCEAN CITY, NJ-Marcus & Millichap Real Estate InvestmentService has been given the exclusive listing for Soleil, a266,000-square-foot, 1.9-acre approved mixed-use project here.Stephen Verp and Brian Weaver, investment specialists in the firm’sNew Jersey office, are representing the seller, a developer thathas been active in Ocean City since the mid 1990s.

“Currently, the property features $200,000 per year inparking-lot revenues,” says Verp. “The approved plans call for afive-story structure with 103 residential units or 126 condo andhotel rooms and three parking levels with 287 spaces.”

Located at the northern tip of Cape May County on a beach blockat 1101 Ocean Ave. in Ocean City, the property featuresunobstructed ocean views. Amenities planned for Soleil include abusiness center, a fitness facility with state-of-the- artequipment, an outdoor pool, a full-service spa, high-speed Internetaccess in all meeting and guest rooms, 24-hour security service,door attendant and valet services and a restaurant withvalet-service garage parking.