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$ 1,549,000
Est. payment /mo
Price Dropped by $50K
704 Asbury Ave Ocean City, NJ 08226
2 Baths
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 611102
Style Commercial,Retail
Annual Tax Amount $5,700
Tax Year 2026
Property Description
Rare Downtown Ocean City Commercial Investment opportunity. Blue Chip 700 block of Asbury Ave on a 40x100 oversized lot with 3850 square feet of retail/restaurant space currently used as 2 "TWO" commercial storefronts. One unit is 2500 sq ft and the other is approximately. 1350 sq ft. High traffic location next to Landmark Cafe, 7th Street Surf Shop, Hoys and many other fine shops. Current Tenants are "Triple A" with Long term Leases with adj. Inflation increases. Long term this property has uses for development of a Mixed use condo development. All Masonry building is low Maintenance. Buildings Mechanicals were updated in 2013-14. Perfect opportunity for an investor looking for a no-hassle predictable long term income stream with upside opportunity for future use or development.
Location
State NJ
County Cape May
Community Ocean City
Area Ocean City/Central
Location Details Business District
Interior
Interior Features 220 Volt Electricity, Storage
Heating Forced Air
Flooring Slab
Exterior
Parking Features None
Roof Type Flat
Building
Story 1
Sewer Public Sewer
Water Public
Listed by Compass New Jersey-Ocean City (O463E)