1142-1144 Ocean Ave - Storefront Retail/Residential FOR SALE


Sea Bright, NJ 07760
$3,900,000 USD
732-910-3043
1142-1144 Ocean Ave, Sea Bright, NJ for Sale
$3,900,000 USD
Storefront Retail/Residential - FOR SALE
1/17
null | 5% Cap Rate

1142-1144 Ocean Ave
Sea Bright, NJ 07760


HIGHLIGHTS

  • - 5-Unit mixed use building. Major Re-Development Potential.
  • - 3 Residential Units, 2 Commercial Units w/ room for expansion.
  • - Residential Units have been raised to meet FEMA requirements post Sandy.
  • - 6762 sq ft building set on a .11 acre corner lot across the street from Sea Bright Public beach and parking
  • - Short walk to Sea Bright resturants such as Donavan’s Reef, Angelica’s, and Tommy’s Tap and Tavern
  • - Large garage for parking and / or storage

OVERVIEW

Come see this 5-unit mixed use building set across the street from Iconic Donovan's Reef in the heart of lovely Sea Bright. With light cosmetic updates this property can be a cash cow. All 3 residential units were raised and restored post Sandy. Major re-development potential for the savvy investor. Retro-fit the current structure or re-build from the second deck up!! Major value in the land and the location. Condo mix includes: 2 Store Fronts, 1 huge 1 bedroom apt (was a 2 bed), 1- 2-bedroom apt. and 1 - 3-bedroom apt.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$577 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

N/Av, Sea Bright

APN/PARCEL ID

42-00011-0000-00001

ASK ABOUT THIS PROPERTY

Rudolph DaunnoDaunno CommercialMore Info
732-910-3043

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Rudolph DaunnoDaunno CommercialMore Info
732-910-3043

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