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1142-1144 Ocean Ave

6,762 SF 100% Leased Retail Building Sea Bright, NJ 07760 $5,528,133 CAD ($818 CAD/SF) 5% Cap Rate

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Investment Highlights

- 5-Unit mixed use building. Major Re-Development Potential.
- Residential Units have been raised to meet FEMA requirements post Sandy.
- Short walk to Sea Bright resturants such as Donavan’s Reef, Angelica’s, and Tommy’s Tap and Tavern

- 3 Residential Units, 2 Commercial Units w/ room for expansion.
- 6762 sq ft building set on a .11 acre corner lot across the street from Sea Bright Public beach and parking
- Large garage for parking and / or storage

Executive Summary

Come see this 5-unit mixed use building set across the street from Iconic Donovan's Reef in the heart of lovely Sea Bright. With light cosmetic updates this property can be a cash cow. All 3 residential units were raised and restored post Sandy. Major re-development potential for the savvy investor. Retro-fit the current structure or re-build from the second deck up!! Major value in the land and the location. Condo mix includes: 2 Store Fronts, 1 huge 1 bedroom apt (was a 2 bed), 1- 2-bedroom apt. and 1 - 3-bedroom apt.

Brochure - 1142 Ocean Ave, Sea Bright

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