$1,092,500
$1,100,000
0.7%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 03/30/2023
Key Details
Sold Price $1,092,500
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 565989
Sold Date 03/30/23
Style Commercial,Comm. w/Apartments
Year Built 1922
Annual Tax Amount $14,022
Tax Year 2021
Property Description
One of a kind opportunity in the North Beach Section of Ventnor. Amazing location, surrounded by the brand new movie theater, restaurants and shops, just short 2 blocks to the beach & boardwalk and 1 block to the bay. This multi use property boasts a whole entire block situated in between N Weymouth and N Frankfort Avenues facing Ventnor Ave. The building is 100% occupied and generates over $70,000 net income. The property has 2 commercial spaces one of them a nail salon and the other is a karate studio, both establishments have been occupying the building for years. On the second floor there are 5 apartments - two 2 bedroom & 1 bath, two 3 bedrooms & 1 bath and one 4 bedrooms & 1bath units. The building has a laundry room with coin operated machines. There has been recent updates and capital improvements to the property such as a brand new sewer line on the Frankfort side and the brand new roof on the Weymouth Ave side. The property consists of 3 lots and 3 separate roofs. The potential is endless!
Location
State NJ
County Atlantic
Community Ventnor
Area Ventnor City
Location Details Business District
Interior
Interior Features Fire Sprinkler System, Restroom, Other (See Remarks)
Heating Gas-Natural
Flooring Carpet-Partial, Hardwood, Linoleum/Vinyl
Exterior
Exterior Feature Restrooms, See Remarks
Garage Off Street
Waterfront No
Roof Type Flat
Building
Story 2
Sewer Public Sewer
Water Public
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