560 Highway 35, Normandy Beach, NJ 08739

$2,500,000
4,302
SqFt
List Price
$2,500,000
Status
ACTIVE
Type
Land
MLS#
22218467
Living Area
4,302
Region
Brick (BRK)

Property Description

Attention investors: $200,000 plus annual Inherent rental income capacity. Rare beach block opportunity with prime visibility! Mixed-use non-conforming property (R-5). includes 3 storefronts and 2 second floor apartments in a prime location. Possibilities of commercial use are endless! The property is free and clear with no active leases. Storefronts were formerly a restaurant with indoor/outdoor seating area, ice cream shop & business office. The 2nd floor offers two apartments offering 3 bedrooms/ 1 bath & 2 bedrooms/ 1 bath. Property did not flood during Sandy and has no known history. Clean 17 year insurance record with current owner. This highly-sought after location is approved for a single family home as well. Property has 7 parking spaces.

Additional Information

Acres
0.22
Zoning
Commercial, Non-Conforming, Residential, Single Family
Water Sewer
Public Sewer On-Site, Public Water
Taxes
$15,544
Lot Description
Corner Lot, Curbing, Sidewalks
Living Area
4,302
Handicap Access
No
Electric
On Site
Location
Residentlal District
Gas
On Site

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Salt and Cedar Properties, LLC.