|Type: Business Only||Style: 2-Story|
|City: Ocean City||Area: Boardwalk|
|Sq ft: 0||Dimensions: 45 x 137 Irr|
- Loading Dock & Back Door Deliveries 4 Commercial Units + 4 Residential Units
- 45 Ft Boardwalk Frontage 100 Ft Corner Side Frontage
- Premier Boardwalk Location 8 Parking Spots
- Side Exit/Entrance to Accomodate Customer Traffic Flow 8-9% Cap Rate
Ocean City NJ Boardwalk Real Estate For Sale — Rare Acquisition Opportunity– Multiple Unit Income Producing Boardwalk Investment Property For Sale!
Building is a corner property located at 10th & Boardwalk & consists of 8 units (four commercial boardwalk units + four 2nd fl residential units) plus 8 parking spaces, loading docks, delivery entrances, fire suppression & surveillance/alarm. Corner property offers approx. 45 ft of frontage and runs 137 ft deep on an angle.
Seller asking $4 million, which includes existing commercial tenant triple net leases in place @ approx. 8%-9% cap in total tenant income.
Property has solid concrete pilings, sound structure, air curtain, and commercial units are all newly fitted. Four residential units have phenomenal panoramic full ocean & beach views.
Showing appointments must be scheduled 24 hrs in advance and are agent accompanied. Serious buyers only-signed Confidentiality-NDA required. Call Us Today to Schedule a Showing at (609) 412-5547
Call Us: (609) 412-5547
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Ocean City Real Estate Group, Keller Williams Realty - Jersey Shore, Robert Doliszny & Kristina Doliszny