984 Boardwalk new Save Request In-Person Tour Request Virtual Tour
Ocean City,NJ 08226
$ 165000
- Bed
- Bath
- SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Rent
MLS Listing ID 590174
Style Commercial,Retail,Restaurant
Annual Tax Amount $1
Tax Year 2023
Property Description
Incredible rare opportunity for Commercial Lease in HEART OF OCEAN CITY'S BOARDWALK, next to the #1 Boardwalk destination of Playland's Castaway Cove. Property features approx 3200 sq ft restaurant/ food service space, approx 27 ft boardwalk frontage w/loading doc, backdoor delivery, 3 parking spots, plus side exit/entrance Existing tenant operates popular restaurant business & occupies 2 large commercial condos as 1 large unit. New tenant triple-net (NNN) lease is starts at $160K p/year for is 5 or 10 year term w/options to renew, ideally suited for any type of food/beverage-restaurant business. Lease includes optional use of existing older equipment. Depending on lease terms & tenant's fit-out needs, Landlord may be negotiable on cooperating with some Capex allowances. Currently property is tenant occupied w/operational business. Appointment for pre-qualified experienced prospective tenants must be coordinated in advance with listing agent. New lease is subject to tenant's vacancy upon lease expiration.
Location
State NJ
County Cape May
Community Ocean City
Area Ocean City/Central
Interior
Heating Forced Air,Gas-Natural
Flooring Concrete
Exterior
Exterior Feature Loading Dock,Sign,See Remarks
Garage 1 to 5 Spaces,Assigned,Paved
Waterfront Yes
Roof Type Flat
Building
Sewer Public Sewer
Water Public