$3,600,000
$3,395,000
6.0%For more information regarding the value of a property, please contact us for a free consultation.
7,980 SqFt
SOLD DATE : 05/02/2022
Key Details
Sold Price $3,600,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 7,980 sqft
Price per Sqft $451
MLS Listing ID NJCM2000042
Sold Date 05/02/22
HOA Y/N N
Originating Board BRIGHT
Year Built 1970
Annual Tax Amount $11,734
Tax Year 2021
Lot Size 0.311 Acres
Acres 0.31
Lot Dimensions 129.00 x 105.00
Property Description
Avalon Landmark Location (old Paper Peddler). Unique Commercial opportunity in the center of town. This property currently has 6 established businesses providing excellent rental income. This ideal location offers many possible development scenarios. One scenario being the new construction of 4 commercial stores with 4 two-story townhouses above, each with 2,250 s.f., ample parking, storage and elevator. (See attached preliminary floor / site plan). The property consists of 2 legal size commercial lots with 129' of frontage on Dune Drive
(13,545 Total S.F.). Property sale is subject to 2021 leases.
Businesses are not included in sale listing.
Location
State NJ
County Cape May
Area Avalon Boro (20501)
Zoning B-1
Interior
Hot Water Electric
Heating None
Cooling Roof Mounted, Central A/C
Heat Source Electric
Exterior
Garage Spaces 8.0
Utilities Available Above Ground, Electric Available, Phone, Cable TV Available
Waterfront N
Water Access N
View Street
Street Surface Black Top
Accessibility None
Total Parking Spaces 8
Garage N
Building
Lot Description Corner
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Avalon
School District Avalon Public Schools
Others
Tax ID 01-00025 04-00043 01
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, Negotiable
Listing Terms Cash, Conventional, Negotiable
Financing Cash,Conventional,Negotiable
Special Listing Condition Standard
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Bought with Christopher Glancey • TI Realty Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "