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224 21st Street

Avalon, NJ 08202
  • $2,100,000
  • STATUS: Active
  • ON SITE: 24 Days
  • MLS #: 243319
$2,100,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Area:

School Ratings & Info

Description

Amazing Mixed-Use Investment Opportunity in Avalons Business District! This unique property offers an exceptional chance to own a mixed-use building in the heart of Avalons thriving business district. With a commercial restaurant space on the first floor and a spacious two-story residence on the upper levels, this property is perfect for investors or those wanting to live in a vibrant community while generating rental income. The first floor features a high-visibility restaurant space ideally situated in Avalons bustling district. It includes an updated interior and is currently home to one of Avalon's most iconic businesses. The commercial unit has a separate entrance from the residential space, providing privacy for both tenants or owners. This space offers a fantastic opportunity for a restaurateur looking to make their mark or for an investor seeking a reliable rental property in a prime location. The upper residential unit boasts a spacious, comfortable two-story layout with four bedrooms and two full bathrooms. Its open-concept living and dining area is filled with natural light, complemented by an updated kitchen with modern appliances. This versatile unit is perfect for an owner-occupant or as an additional source of rental income. Located in Avalons vibrant commercial area with strong foot traffic, this property is an incredible investment opportunity with multiple income streams. You could live in the residential unit while renting out the commercial space, or lease both for even greater returns. Please note that the sale is subject to the final condominium conversion process. The sale consists of real estate only. The business and and owner's equipment are not included in the sale. Dont miss this rare chance to own a mixed-use gem in Avalons sought-after business district. Contact us today to schedule a viewing and explore the possibilities this property offers.

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Listing information © 2024 Cape May County Association of REALTORS® Multiple Listing Service. Information is deemed reliable but is not guaranteed accurate by the MLS or The Oceanside Realty Team | Keller Williams Jersey Shore. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-12-02T23:49:32.37.
www.theoceansiderealtyteam.com/homes/157678555
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224 21st Street Avalon, NJ 08202

  • Price: $2,100,000
  • Status: Active
  • On Site: 24 Days
  • MLS #: 243319
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
01-Avalon Borough
Area:
Avalon
Property Description
Amazing Mixed-Use Investment Opportunity in Avalons Business District! This unique property offers an exceptional chance to own a mixed-use building in the heart of Avalons thriving business district. With a commercial restaurant space on the first floor and a spacious two-story residence on the upper levels, this property is perfect for investors or those wanting to live in a vibrant community while generating rental income. The first floor features a high-visibility restaurant space ideally situated in Avalons bustling district. It includes an updated interior and is currently home to one of Avalon's most iconic businesses. The commercial unit has a separate entrance from the residential space, providing privacy for both tenants or owners. This space offers a fantastic opportunity for a restaurateur looking to make their mark or for an investor seeking a reliable rental property in a prime location. The upper residential unit boasts a spacious, comfortable two-story layout with four bedrooms and two full bathrooms. Its open-concept living and dining area is filled with natural light, complemented by an updated kitchen with modern appliances. This versatile unit is perfect for an owner-occupant or as an additional source of rental income. Located in Avalons vibrant commercial area with strong foot traffic, this property is an incredible investment opportunity with multiple income streams. You could live in the residential unit while renting out the commercial space, or lease both for even greater returns. Please note that the sale is subject to the final condominium conversion process. The sale consists of real estate only. The business and and owner's equipment are not included in the sale. Dont miss this rare chance to own a mixed-use gem in Avalons sought-after business district. Contact us today to schedule a viewing and explore the possibilities this property offers.
Exterior Features

Exterior Wood/Frame Location IslandBusiness District Lot Size CONDO Parking Paved

Interior Features

Cooling Central Air ConditioningElectric Heating Gas NaturalElectricForced Air Hot Water Electric Interior Features Living Space Available

Property Features

Bank Owned No Bay Proximity 1 Block Beach Proximity 3 Blocks Commercial Type Mixed Use Financing Available Conventional New Construction No Sale Or Rent For Sale Sewer City Subject To Third Party Approval No Tax Year 2023 Taxes 6496 Type Commercial CondoOther (See Remarks) Water City Zoned B-1

© 2024 Cape May County Association of REALTORS® MLS. All Rights Reserved.
Listing provided courtesy of A LEWIS PURDY REAL ESTATE INC: 609-967-7800.


Listing information © 2024 Cape May County Association of REALTORS® Multiple Listing Service. Information is deemed reliable but is not guaranteed accurate by the MLS or The Oceanside Realty Team | Keller Williams Jersey Shore. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-12-02T23:49:32.37.
 
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