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Key Details
Sold Price $575,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 575633
Sold Date 09/28/23
Style Commercial
Annual Tax Amount $10,179
Tax Year 2022
Lot Size 3.200 Acres
Property Description
Attention BUSINESS OWNER OPERATORS- INVESTORS! Here is your opportunity to purchase a fabulous piece of property to operate your own business and/or collect lease income. Partially Leased CASH STREAM 6-unit property with a 10+ year history of professional long term leases with strong stable tenants. Seller transitioned leases to month-to-month specifically to offer the new buyer the option to take over the whole building for operational business use, OR take over the vacant portion and keep the tenant leases in place for additional income, OR condo out the units and sell them off. Perfect space and location for plumbing/electric HVAC building supply store; medical office use; professional services (legal, accounting, architect, engineering etc); or even small daycare facility. Lots of options here with tons of future upside! Property is ideally located on Route 9 North, a very desirable HIGH TRAFFIC VOLUME Road, near Super Wawa @Rt 9 intersection for bridge entering resort island of Sea Isle City. Building has become a desirable "destination location" due to its professional tenants servicing clientele from Cape May to Ocean City, which includes a very well-known reputable long term Architect/Engineering company; Medical Service Practices; Mortgage Company; a & high-end upholster servicing the islands of Stone Harbor & Avalon. Property offers future upside in rental income, plus plenty of acreage (3.2 acres) to build & expand/grow your lease income potential w/additional buildings/units. If you have been frustrated searching the market looking for a great buy that offers a PERFECT LOCATION, a reliable cash stream - look no further- BOOM- YOU JUST FOUND IT! Serious Financially Pre-Qualified Buyers Only & signed NDA required. Perfect for Cash or 1031 Exchange Buyers, plus conventional financing available. Call Now!
Location
State NJ
County Cape May
Community Ocean View
Area Middle Twp
Location Details Commercial Park,Highway,Mainland,See Remarks
Rooms
Basement Slab
Interior
Interior Features 220 Volt Electricity, 440 Volt Electricity, Display Windows, Restroom
Heating Forced Air, Gas-Natural
Flooring Hardwood
Exterior
Exterior Feature Storage Building, Sign, Security Light/System, See Remarks
Parking Features 11 or More Spaces
Roof Type Flat
Building
Sewer Septic
Water Well
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