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1340 Asbury Ave 1340 Asbury Ave 10,068 SF 100% Leased Retail Building Ocean City, NJ 08226 $1,699,000 ($168.75/SF)
Investment Highlights
- Prime Downtown Location: High foot traffic area, ideal for retail and restaurant operations.
- Construction & Features: Masonry building with sprinklers and air conditioning.
- Parking & Access: 60 FT frontage on Asbury Ave for excellent visibility.
Executive Summary
Rare opportunity to own a cornerstone business in Ocean City—Boyar’s Market! Established in 1924, this iconic neighborhood market has been serving the community for over 100 years with a rich history of quality food and service. A new store was built in 2004 on its original site, ensuring modern functionality while maintaining its legacy. This sale includes real estate and a thriving business, featuring a fully equipped kitchen, deli, grocery store, and a booming catering operation. Prime downtown location with high foot traffic.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
10,068 SF
Building Class
B
Year Built
1940
Price
$1,699,000
Price Per SF
$168.75
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
3.00
Lot Size
0.08 AC
Amenities
- Restaurant
- Air Conditioning
Very walkable
80/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $635,400 | |
| Land Assessment | $320,000 | Total Assessment | $955,400 |
Property Taxes
Parcel Numbers
Land Assessment
$320,000
Improvements Assessment
$635,400
Total Assessment
$955,400
Contact
-
Nancy Kowalik -
Nancy Kowalik Real Estate
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1340 Asbury Ave | 1340 Asbury Ave