Heather McCurdy - Coldwell Banker Hearthside
854 Asbury
Ocean City, NJ 08226

$1,699,000

Description

INVESTORS SPECIAL...Very positive cash flow. The Read Building, 3 stories mixed use. 60' frontage on Asbury Ave in the desirable 800 block. Street level: 2 2500 sq ft (each) retail stores currently occupied with long term leases. Separate heat & ac systems, separate elec & gas meters. Totally renovated after Sandy 2012. 2nd Floor: 5000 sq ft of office space tenant occupied. Totally renovated over the past 2 years. 3rd Floor: 2 5 bedroom residential apartments which have been rented to the same Tenants for the past 10 years. Taxes include SID $1,100 Building exterior recently renovated.

Details

MLS#511470
StyleRetail
Sub-TypeResale
StatusActive
Days On Site81

Features

Story(s)3

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Area Information

StateNJ
CountyCape May
CityOcean City
Zip Code08226
AreaOcean City/Central
Listing VS Median (in 08226)
Price:
$1,699,000
low | high
Med:
$609,900
100% of Average
On Site:
81
low | high
Med:
2
100% of Average
Listing Updated: 12/09/2018
MLS Number: 511470
Listing Provided By:
GEORGE RUMER  of  CENTURY 21 ALLIANCE-O1O4J