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704 Asbury

Ocean City, NJ 08226
  • $1,350,000
  • STATUS: Active
  • ON SITE: 10 Days
  • MLS #: 562717
Price Reduced
$1,350,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Description

Blue Chip Commercial Opportunity only comes around every few years! Downtown Ocean City 2 Commercial Storefronts on large 40x100 lot with 90% coverage. Cannot be duplicated again. HVAC and electrical updated about 10 years ago. Outstanding triple A long term tenants and businesses with new extensions just signed starting 2023. Superb investment opportunity for an astute investor looking for long term steady income or for future use. Also would make a great Restaurant or convert into one large 3850 sq ft business. Only Pre Qualified buyers will be given lease information. Renewal income $68,000+ starting Jan23 with annual increases. Expand your RE portfolio with this Rock Solid Investment Opportunity! Leases are in place for several years with inflation hedging increases.

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© 2022 South Jersey Shore Regional MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Cheryl Huber Team. Properties marked with the Broker Reciprocity icon or thumbnail icon (a small house) are provided courtesy of the South Jersey Shore Regional MLS Broker Reciprocity Database. Data last updated 2022-05-18T23:49:54.367.
www.oceancitynewjerseyhomes.com/homes/128488557
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704 Asbury Ocean City, NJ 08226

  • Price: $1,350,000
  • Status: Active
  • On Site: 10 Days
  • MLS #: 562717
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Ocean City/Central
County:
Cape May
Area:
Ocean City/Central
Property Description
Blue Chip Commercial Opportunity only comes around every few years! Downtown Ocean City 2 Commercial Storefronts on large 40x100 lot with 90% coverage. Cannot be duplicated again. HVAC and electrical updated about 10 years ago. Outstanding triple A long term tenants and businesses with new extensions just signed starting 2023. Superb investment opportunity for an astute investor looking for long term steady income or for future use. Also would make a great Restaurant or convert into one large 3850 sq ft business. Only Pre Qualified buyers will be given lease information. Renewal income $68,000+ starting Jan23 with annual increases. Expand your RE portfolio with this Rock Solid Investment Opportunity! Leases are in place for several years with inflation hedging increases.
Exterior Features

Commercial Style Commercial Exterior Features Sign Location Business District Lot Dimensions 40X100 Percent Building Coverage 90 Roof Flat Siding Exterior BlockMasonryStucco Stories 1

Interior Features

Air Conditioning Central Heating Forced AirGas-Natural Hot Water Gas Interior Features 220 Volt ElectricityRestroomSmoke/Fire AlarmStorage Specialty Rooms Retail Store Wash Rooms 2

Property Features

Age Range 25+ Years Approved Short Sale N/A Auction YN No Available Lease Information Bank Owned Foreclosure No Buildings 1 May Be Subject To Third Party Approval Short Sale No Sewer Public Sewer Tax Year 2022 Taxes 5100

Listing information © 2022 South Jersey Shore Regional MLS.
Listing provided courtesy of Re/Max At The Shore.


© 2022 South Jersey Shore Regional MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Cheryl Huber Team. Properties marked with the Broker Reciprocity icon or thumbnail icon (a small house) are provided courtesy of the South Jersey Shore Regional MLS Broker Reciprocity Database. Data last updated 2022-05-18T23:49:54.367.
 
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The Cheryl Huber Team
109 34th St
Ocean City NJ, 08226