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1020 Asbury Avenue, Ocean City, NJ
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For Sale: $1,599,000
Beds:     Baths:
Type: COMMERCIAL/INDUSTRIAL
    DOM: 0 Days
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PROPERTY DESCRIPTION
PRIME DOWNTOWN OCEAN CITY INVESTMENT OPPORTUNITY! Located in the heart of Ocean City at 10th Street and Asbury Avenue, this versatile three-story mixed-use property offers endless possibilities for investors, business owners, and owner-occupants alike! The first floor features commercial space in a highly desirable downtown location, ideal for establishing your business or generating rental income. Above, you'll find two beautifully remodeled residential units. The spacious second-floor unit offers 4 bedrooms and 1 full bath, while the third-floor unit features 3 bedrooms and 1 full bath. Both residential units have been tastefully updated, providing attractive options for year-round living, seasonal use, or rental income. ALL THREE UNITS WILL BE DELIVERED VACANT AT SETTLEMENT giving the new owner complete flexibility to occupy, lease, or establish their own rental rates from day one! Live in one unit while generating income from the others, operate your business downstairs, or maximize the property's investment potential. Just steps from Ocean City's popular shops, restaurants, and downtown attractions- and a short walk to prime Boardwalk attractions and beautiful beaches- this is a rare opportunity to own a mixed-use property in one of the shore's most sought-after communities. Each unit has one private parking spot. Residential units will be delivered fully furnished. Both Residential units have private in unit laundry. LOCATION, FLEXIBILITY & INCOME POTENTIAL — THE POSSIBILITIES ARE ENDLESS! Residential was used for seasonal rentals ($60k / per unit) & yearly commercial space ($40k) - projected income for the building $160k
PROPERTY FEATURES
  • Heating:Forced Air 
  • Heating:Gas-Natural 
  • Restroom  
  • Security System  
  • Storage  
  • 1 to 5 Spaces 
  • Assigned 
  • Paved 
  • Heater:Electric 
  • Restroom 
  • Security System 
  • Storage 
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ADDITIONAL PROPERTY PICTURES

Request Property Information - 1020 Asbury Avenue, Ocean City NJ

  For Sale: $1,599,000   |   MLS Number: 613290  
| DOM: 0 Days  
Provided by: Pat McCusker Real Estate - www.patavalon.com

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Let Pat McCusker Real Estate be your buyer agent for this listing. Listing is provided by BHHS FOX and ROACH-Simpson OC. The data relating to real estate for sale on this web page appears in part through the Cape May County MLS program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which we participate, and is provided by Cape May County MLS through a licensing agreement. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to change, withdrawal, or prior sale.
Pat McCusker - Long and Foster Real Estate
Direct: 609-602-2710Office: 609-967-3001
2997 Dune Drive, Avalon New Jersey
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Specializing in Vacation Rentals and Properties
For Sale in The Wildwoods, Stone Harbor,
Avalon, Sea Isle City & Ocean City New Jersey.

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