A unique opportunity for a beach front investor. For sale is a commercial beach front property with townhomes above. This mixed use property has six commercial stores on the first level with two four bedroom townhomes on the upper floors and parking under the building for 10 cars. This ocean front lot sits on Sea Isle City’s promenade with 110 feet of frontage. A high traffic area and a great location for summer vacation rentals. The shops are elevated above the boardwalk by about 3 feet and were not damaged by Superstorm Sandy. The stores range from 600 to 765 sq ft each. The total size is 3835 sq ft for the stores and 4088 for the townhomes above on a 5060 sq ft beach front lot. The shops host a verity of businesses from clothing and home goods to deli and ice cream. Leases on the shops vary and run for 3 year terms. This building is being sold as a total building six commercial shops and two residential townhomes or the six commercial shops as a group separate from the townhomes. Electric steel hurricane shutters are installed on the six shops Six commercial shops $799,000. 11 43rd six commercial shops and two 4 bedroom townhomes $2,499,000.
Listing courtesy of: LONG & FOSTER REAL ESTATE, INC sic Sedlak, David
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