Samuel Chud - Coldwell Banker Hearthside
801 E 8th St, Units #2 & 3
Ocean City, NJ 08226

Description

Attention Small Business Owners & Commercial Real Estate Investors (8% cap)!Here's a DREAM OPPORTUNITY to acquire highly sought-after premium Ocean City BEACH BLOCK commercial corner real estate featuring EXTREME HIGH TRAFFIC COMMERCIAL VOLUME! This sale listing is for TWO commercial units #2&3-Real Estate Only (Unit#2 is newly renovated & currently leased to popular "Heart Beet Kitchen" & unit#3 is leased barber shop) Approx $40K in rents @ 8% cap rate & both expire Jan 2019 but have options to renew, subject to new owner's approval. So either keep leases or vacate them to start your own business in 2019! Ideal PRIME SPOT for all CAFE & EATERY OWNERS of all food cuisine types; take-out Seafood Restaurants; Franchises; breakfast caf/ luncheonettes; Specialty Donut/Pastry & Coffee Shops; Waffles/Ice Cream, Water Ice, Playa Bowls/Yogurt; all green/organic juice bars owners. Property features excellent visibility & exposure; TWO lucrative take-out windows w/loading zone parking supporting take out/pick-up business for increased cash flow. HUGE OUTDOOR SEATING AREA that can be expanded! Property is located in highly desirable EXTREME Traffic Corner BeachBlock location, right off busiest part of Boardwalk in heart of Ocean City's Hospitality Zone. This highly sought-after HIGH TRAFFIC location is situated along main corridor connecting Downtown to Boardwalk, across from OC's busiest bike rental center, multiple hotels/B&Bs, plus City's public boardwalk parking lots. ACT QUICKLY!

Details

MLS#508389
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site30

Features

Story(s)1
Units2

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Area Information

StateNJ
CountyCape May
CityOcean City
Zip Code08226
AreaOcean City/Central
Listing VS Median (in 08226)
Price:
$495,000
low | high
Med:
$599,900
28.808080808081% of Average
On Site:
30
low | high
Med:
6
100% of Average
Listing Updated: 08/16/2018
MLS Number: 508389
Listing Provided By:
KRISTINA DOLISZNY  of  KELLER WILLIAMS REALTY JERSEY SHORE-Ocean City