854 Asbury Ave

New Jersey > Ocean City

854 Asbury Ave - 854 Asbury Ave, Ocean City, NJ 08226

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For Sale

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For Sale

This property is available for sale

$1,699,000

Sale Price

Overview
INVESTORS SPECIAL...Very positive cash flow. The Read Building, 3 stories mixed use. 60' frontage on Asbury Ave in the desirable 800 block. Street level: 2 2500 sq ft (each) retail stores currently occupied with long term leases. Separate heat & ac systems, separate elec & gas meters. Totally renovated after Sandy 2012. 2nd Floor: 5000 sq ft of office space tenant occupied. Totally renovated over the past 2 years. 3rd Floor: 2 5 bedroom residential apartments which have been rented to the same Tenants for the past 10 years. Taxes include SID $1,100 Building exterior recently renovated.

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Property Details

INVESTORS SPECIAL...Very positive cash flow. The Read Building, 3 stories mixed use. 60' frontage on Asbury Ave in the desirable 800 block. Street level: 2 2500 sq ft (each) retail stores currently occupied with long term leases. Separate heat & ac systems, separate elec & gas meters. Totally renovated after Sandy 2012. 2nd Floor: 5000 sq ft of office space tenant occupied. Totally renovated over the past 2 years. 3rd Floor: 2 5 bedroom residential apartments which have been rented to the same Tenants for the past 10 years. Taxes include SID $1,100 Building exterior recently renovated.