Description
Rare opportunity to own this exceptional commercial unit that sits in the very desired heart of Avalons Business District. As one of the largest street level retail units available in town this unit features 1480 square feet of space, along with additional outside common area with the exclusive use to this unit. This popular location has a great deal of foot traffic during the busy season. The primary business has been operating as a Bicycle shop for over 20 years. A small portion of the store (480 square feet) has been sub leased out to a tenant who sells Acai bowls, smoothies, and coffee products. The sub lease is valid through 2025 and the current bicycle shop lease expires Oct 2022. The tenant is open to extend through 2025 if buyer would like to. Includes three off street parking dedicated to this unit, Along with street parking out front. Sale does not include either business, Property only. The owner is open to a package deal including the 3 bed, 2 bathroom condo located on top of the commercial unit. There are 5 off-street parking spaces in the parking lot behind the building reserved for these 2 units. A unique opportunity to own a commercial unit coupled with the residential condo above!
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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1,480SQFT
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$642$/SQFT
School Ratings & Info
Description
Rare opportunity to own this exceptional commercial unit that sits in the very desired heart of Avalons Business District. As one of the largest street level retail units available in town this unit features 1480 square feet of space, along with additional outside common area with the exclusive use to this unit. This popular location has a great deal of foot traffic during the busy season. The primary business has been operating as a Bicycle shop for over 20 years. A small portion of the store (480 square feet) has been sub leased out to a tenant who sells Acai bowls, smoothies, and coffee products. The sub lease is valid through 2025 and the current bicycle shop lease expires Oct 2022. The tenant is open to extend through 2025 if buyer would like to. Includes three off street parking dedicated to this unit, Along with street parking out front. Sale does not include either business, Property only. The owner is open to a package deal including the 3 bed, 2 bathroom condo located on top of the commercial unit. There are 5 off-street parking spaces in the parking lot behind the building reserved for these 2 units. A unique opportunity to own a commercial unit coupled with the residential condo above!
Listing information © 2022 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 2022-06-26T17:49:50.903.