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Coldwell Banker

James C. Otton Real Estate, Inc.


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MLS (capemay) #165545 - $555,000.00
5701-03 New Jersey Ave
Wildwood Crest, NJ 08260
Other

Iconic, one of a kind, commercial property. The building with "The Big Pink Pail"! This income producing property consists of 2 masonry buildings completely renovated between 2006 and 2009. The commercial one story building contains approximately 1950 square feet suitable for retail, food service, or a professional office. Located in a UEZ zone, applicable business are able to charge a reduced (3.5%) sales tax. The second, two story building, contains approximately 2298 square feet plus lower and upper balconies containing approximately 179 square feet each. There are four apartments in this building, a storage area, and attached 1 car garage. The first floor consist of two - 1 bedroom apartments, each apartment approximately 459 square feet each, an attached utility and storage room with approximately 231 square feet and an attached one story one car garage with approximately 315 square feet. The second floor consists of a 2 bedroom apartment approximately 690 square feet and a 1 bedroom apartment approximately 459 square feet. Three of the apartments are rented year round and owner occupies one apartment six months of the year. Current Apartment rentals income/leases are available upon request. Over the past four years owner has replaced carpeting and stove/ranges in all apartments. All apartments have modern glass top stove/ranges. As well refrigerator are within 5 years old in all apartments except Apt #1. Apts 1 and 2 have one piece shower and bathtubs, Apts 3 and 4 have ceramic showers and bathtubs. The toilet, sink and vanity in Apt 3 were replaced in 2014. Detailed financial information provided to pre-qualified buyers. All square footages are APPROXIMATE. Owner has relied on surveys and floor plans prepared by others to approximate square footages. Potential buyers are encouraged to verify square footages. The Big Pink Pail is fiberglass unit that can be removed from the building.


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5701-03 New Jersey Ave, Wildwood Crest - Other - Iconic, one of a kind, commercial property.  The building with The Big Pink Pail!  This income producing property consists of 2 masonry buildings completely renovated between 2006 and 2009.     The commercial one story building contains approximately 1950 square feet suitable for retail, food service, or a professional office.  Located in a UEZ zone, applicable business are able to charge a reduced (3.5%) sales tax.    The second, two story building, contains approximately 2298 square feet plus lower and upper balconies containing approximately 179 square feet each.  There are four apartments in this building, a storage area, and attached 1 car garage.  The first floor consist of two - 1 bedroom apartments, each apartment approximately 459 square feet each, an attached utility and storage room with approximately 231 square feet and an attached one story one car garage with approximately 315 square feet.  The second floor consists of a 2 bedroom apartment approximately 690 square feet and a 1 bedroom apartment approximately 459 square feet.   Three of the apartments are rented year round and owner occupies one apartment six months of the year.  Current Apartment rentals income/leases are available upon request.  Over the past four years owner has replaced carpeting and stove/ranges in all apartments.  All apartments have modern glass top stove/ranges.  As well refrigerator are within 5 years old in all apartments except Apt #1.  Apts 1 and 2 have one piece shower and bathtubs,  Apts 3 and 4 have ceramic showers and bathtubs.  The toilet, sink and vanity in Apt 3 were replaced in 2014.   Detailed financial information provided to pre-qualified buyers.  All square footages are APPROXIMATE.  Owner has relied on surveys and floor plans prepared by others to approximate square footages.  Potential buyers are encouraged to verify square footages.  The Big Pink Pail is fiberglass unit that can be removed from the building.
 
 
 


Listing courtesy of:
RIXEY REAL ESTATE AGENCY, LLC.
Dahl, Katherine


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