Southern New Jersey and Surrounding Areas

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704 Asbury Ave
Ocean City, NJ 08226
MLS# 562717 ID: 75795198
$1,350,000
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Property Description
Commercial - Ocean City, NJ 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.
Property Features
Status
Days On Market 19 days
Last Updated May 25, 2022
Market Status Available
Description
Property Type Commercial
Building Features
Heating System Forced Air
Stories 1.0
Central Air
Heating Fuel Natural Gas
Exterior Features
Exterior Construction Block; Masonry; Stucco
Legal/Financial
Taxes 5100 (2022)
Listing Features
Property Type Commercial; Commercial
Offered By:
KURT FEINSTEIN
RE/MAX At The Shore - 900 Ocean Ave.

Data Provided by South Jersey Shore Regional MLS

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