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3710 Landis Ave 7,238 SF 100% Leased Retail Building Sea Isle City, NJ 08243 $3,999,900 ($552.63/SF)
Investment Highlights
- Restaurant with 53 seats. Could have more seating / adjacent building has nail salon
- 4 additional rental units (Two 1bed/1bath units) (One 2bed/bath unit) (One 2 bed/1bath unit)
- High Visibility Corner Lot Across from bust WAWA
Executive Summary
Exceptional real estate opportunities of this magnitude are rarely offered in the highly competitive Sea Isle City market. Positioned on an expansive, high-visibility 100x110-foot parcel, this landmark mixed-use property commands a premier presence in the heart of a bustling downtown district, directly adjacent to a high-traffic Wawa. The substantial footprint currently houses the legendary Phil’s Famous Pizza and Restaurant, a 2600 square foot unit with 53 seats, prep area, storage area , counter area, take out windows and more. A true staple of the local community, Adjoining the restaurant is a versatile commercial unit, currently operating as a nail salon, which offers incredible flexibility for a secondary dining concept, a boutique retail boutique, or a professional service business. Beyond its prime commercial appeal, the true financial engine of this property lies in its four on-site residential rental units, which provide a powerful, diversified revenue stream to offset expenses and maximize yield. The residential portfolio includes two comfortable one-bedroom, one-bathroom units, and additional two-bedroom, one-bathroom unit. The crown jewel of the residential component is a beautifully and completely renovated two-bedroom, two-bathroom suite, meticulously designed with premium finishes that make it ideal for year-round luxury living, a high-end vacation rental, or exclusive owner's quarters. This multi-faceted asset is perfectly tailored for an ambitious restaurant group looking to expand into a premier coastal market, or for a savvy investor seeking immediate, consistent cash flow with substantial long-term appreciation. Adding to its immense value, the property possesses extraordinary future development upside. Subject to municipal zoning approval, the massive parcel can be redeveloped into a modern mixed-use complex featuring up to eight expansive 1,500-square-foot residential condominiums sitting atop premier street-level commercial storefronts. Whether you choose to operate the existing successful framework or redevelop the site to unlock its maximum density, this trophy property represents a generational investment in one of New Jersey's most desirable beach towns. To protect the privacy and operational integrity of the current businesses, all interested parties must sign a Confidentiality and Non-Disclosure Agreement (NDA) prior to receiving financial information or scheduling a private showing.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Building Size
7,238 SF
Building Class
C
Year Built/Renovated
1986/2009
Price
$3,999,900
Price Per SF
$552.63
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.66
Lot Size
0.25 AC
Zoning
Commercial - Zoning allows for redevelopment. Owner could potential rebuild on this 100x110 parcel and have 8 condo units (1500 sf each) and storefronts on ground
Parking
13 Spaces (1.8 Spaces per 1,000 SF Leased)
Frontage
110’ on Landis Ave
Amenities
- Corner Lot
- Restaurant
- Signage
- Storage Space
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 09 00037- 03-00012- 01 | Improvements Assessment | $581,100 |
| Land Assessment | $770,500 | Total Assessment | $1,351,600 |
Property Taxes
Parcel Number
09 00037- 03-00012- 01
Land Assessment
$770,500
Improvements Assessment
$581,100
Total Assessment
$1,351,600
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Keller Williams Jersey Shore
3710 Landis Ave
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