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Ocean City’s historic Bourse Building, a landmark at 761 Asbury Avenue for 123 years, has been sold.
Real estate records indicate the building, whose lead tenant, Interiors by Joann, has been operating there since 1990, was sold by local attorney Joel A. Mott III to an investment group, Bourse Building LLC, for $1.7 million.
Mott, contacted by phone in Florida just prior to leaving for a vacation, confirmed the sale Friday. He said the investment group planned to use the 6,000 square feet of street level retail space for a new women’s clothing establishment.