3802 Bayshore | 3802 Bayshore Rd
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3802 Bayshore 3802 Bayshore Rd
2,330 SF 100% Leased Office Building North Cape May, NJ 08204 $549,900 ($236/SF)
Investment Highlights
- Heavy Traffic Area
- Value-Add Opportunity
- 3 Miles from Cape May City
Executive Summary
Rare Commercial duplex located in the Commercial sector of North Cape May, just 3 miles from historic Cape May. These 2 Commercial storefronts offer a large off-street parking lot, typically hard to come by. Currently 1 of the 2 Commercial units are rented. The unrented space is an established barber shop occupied by the seller who recently closed due to retirement. Barber shop business, goodwill and equipment convey with the sale. Large basement area may offer the opportunity for additional rental income, check with zoning for possibilities. Seller financing terms: $50% down payment. 10 year term. Interest rate will be 1% lower than current commercial rate!
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Building Size
2,330 SF
Building Class
C
Year Built
1971
Price
$549,900
Price Per SF
$236
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
2,330 SF
Building FAR
0.14
Land Acres
0.38 AC
Zoning
GB-1 - General Business allows for a variety of commercial uses, such as retail stores, restaurants, offices, and other service-oriented businesses.
Parking
8 Spaces (3.43 Spaces per 1,000 SF Leased)
Amenities
- Wheelchair Accessible
- Basement
- Air Conditioning
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | 05-00628-0000-00112 | Improvements Assessment | $80,800 |
| Land Assessment | $189,200 | Total Assessment | $270,000 |
PROPERTY TAXES
Parcel Number
05-00628-0000-00112
Land Assessment
$189,200
Improvements Assessment
$80,800
Total Assessment
$270,000
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Christina Cavalier - Farrell Ocean to Bay Realty, LLC
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Farrell Ocean to Bay Realty, LLC
3802 Bayshore | 3802 Bayshore Rd
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