4001 Landis Avenue

$2,200,000, 9 Beds 3.2 Baths

About This Property

Grand downtown location of mixed use in Sea Isle City! 2 lots to be sold together. Use what is in place producing great rental income while waiting for approvals to re-build. Current zoning says to build mixed use in this location; commercial on first floor and residential on second floor. Build commercial space on ground level and increase residential units up top by combining both lots. Currently in place 4001 Landis Ave 48x85 lot. First floor is approx 2,500sq ft. and a fully operational, income producing restaurant, plus, existing take out window ($6k seasonal rental income food take out window in evening when rest closed). Second floor has 2-residential condos approx 1,250sq ft each. North unit rents for $21k/summer season, South unit owner occupied and can produce the same. 28 40th St. on 25x79 lot is a single family home approx 918sq ft. Currently occupied for off season rental ($1k/mo) plus summer seasonal rental income of $23,500. Contact listing agent for more details!

Essential Information

MLS® #210164
Price$2,200,000
Bedrooms9
Bathrooms3.20
Full Baths3
TypeCondo/Townhouse
Sub-TypeCondo
StatusUNDER CONTRACT

Community Information

Address4001 Landis Avenue
AreaSea Isle City
CitySea Isle City
StateNew Jersey

Amenities

Parking2 Car, Stone Driveway
ViewWater View

Features

Handicap Features, Foyer, Tile Floors

Interior

HeatingGas Natural, Forced Air
CoolingCentral Air, Ceiling Fan
StoriesTwo

Appliances

Range, Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Smoke/Fire Detector

Additional Information

Date ListedJanuary 15th, 2021
Days on Market13
ZoningCom/Mixed

Listing Details

OfficeRE/MAX PREFERRED SEA ISLE

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