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    2538-2542-2546 Dune Drive

    AVALON, NJ 08202
    • $3,395,000
    • STATUS: Active
    • ON SITE: 368 days
    • MLS #: NJCM103958
    Foreclosure
    $3,395,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Business Opportunity
    Built:
    1970
    County:

    School Information

    Elementary School:
    School District:

    Description

    Avalon Landmark Location (old Paper Peddler). Unique Commercial opportunity in the center of town. This property currently has 6 established businesses providing excellent rental income. This ideal location offers many possible development scenarios. One scenario being the new construction of 4 commercial stores with 4 two-story townhouses above, each with 2,250 s.f., ample parking, storage and elevator. (See attached preliminary floor / site plan). The property consists of 2 legal size commercial lots with 129' of frontage on Dune Drive (13,545 Total S.F.). Property sale is subject to 2020 leases.

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    www.marylandshoreliving.com/homes/103524530
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    2538-2542-2546 Dune Drive AVALON, NJ 08202

    • Price: $3,395,000
    • Status: Active
    • MLS #: NJCM103958
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1970
    Built
    Neighborhood:
    Avalon Boro (20501)
    County:
    Cape May
    Area:
    Avalon Boro (20501)
    Elementary School:
    Avalon
    School District:
    Avalon Public Schools
    Property Description
    Avalon Landmark Location (old Paper Peddler). Unique Commercial opportunity in the center of town. This property currently has 6 established businesses providing excellent rental income. This ideal location offers many possible development scenarios. One scenario being the new construction of 4 commercial stores with 4 two-story townhouses above, each with 2,250 s.f., ample parking, storage and elevator. (See attached preliminary floor / site plan). The property consists of 2 legal size commercial lots with 129' of frontage on Dune Drive (13,545 Total S.F.). Property sale is subject to 2020 leases.
    Exterior Features

    Construction Materials Block Direction Faces East Garage YN No Location Type Business District Lot Features CornerLevel Parking Types On Street Riparian Rights YN No Road Surface Type Paved View Street Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 7980.00 Cooling Central A/C Heating Other Heating YN Yes Inclusions 6 Retail StoresLeases in Place Through 12/31/2020

    Property Features

    Acceptable Financing ConventionalCash Accessibility Features None Assessment Year 2019 Association YN No Business Type Other/General Retail Central Air YN Yes Cooling Fuel Other Cross Street 26th Street Current Use Mixed Electric Other Elevators 0 Heating Fuel Other Historic YN No Hot Water Other Incorporated City Name Avalon Boro Lease Considered YN No Navigable Water YN N New Construction YN No Original MLSNumber 304038443728 Ownership Interest Other Possession Immediate1+Year Property Sub Type Retail Sale Type Reo (Real Estate Owned) Sewer Private Sewer Tax Annual Amount 10941.00 Tax Assessment Amount 2145200.00 Tax Lot 00043 01 Utilities Above Ground Vacation Rental YN No Water Source Public Zoning B-1 Zoning Description Business/ Condo Townhouse Mixed Use

     
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    Maryland Shore Living | Benson & Mangold Real Estate
    31 Goldsborough Street
    Easton MD, 21601