Anna Rinaldi - Coldwell Banker Hearthside

IQWeb_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!

IQWeb_Details

IQWeb_MLS508389
IQWeb_StyleIQWeb_Industrial
IQWeb_SubtypeResale
IQWeb_StatusActive
IQWeb_Days_on_Site28

IQWeb_Features

IQWeb_Storys1
IQWeb_Units2

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IQWeb_Area_Information

IQWeb_StateNJ
IQWeb_CountyCape May
IQWeb_CityOcean City
IQWeb_Zip_Code08226
IQWeb_AreaOcean City/Central
Listing VS Median (in 08226)
Price:
$495,000
low | high
Med:
$599,000
28.989898989899% of Average
On Site:
28
low | high
Med:
9
100% of Average
IQWeb_Listing_Updated: 08/14/2018
MLS Number: 508389
IQWeb_Listing_Provided_By:
KRISTINA DOLISZNY  IQWeb_of  KELLER WILLIAMS REALTY JERSEY SHORE-Ocean City