Ventnor, NJ 08406,5201 Ventnor
Ventnor, NJ 08406,5201 Ventnor
Ventnor, NJ 08406,5201 Ventnor
Ventnor, NJ 08406,5201 Ventnor
Ventnor, NJ 08406,5201 Ventnor
Ventnor, NJ 08406,5201 Ventnor
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$1,092,500

$1,100,000

0.7%
Est.Price: ?

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Est. payment /mo

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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South Jersey Shore Regional MLS (SJSRMLS)
Listed by FARLEY and FERRY REALTY, INC
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508 New Jersey Ave, United States

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