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Mixed Office with Residential 9202 Ventnor Ave 3,500 SF 100% Leased Office Building Margate City, NJ 08402 $2,599,000 ($742.57/SF)
INVESTMENT HIGHLIGHTS
- Prime Margate location near the Parkway Section
- Central to business and restaurant district
- 1st floor can be for owner / user
- Corner location
- 2nd floor is tenanted
- Potential redevelopment
EXECUTIVE SUMMARY
FOR SALE: Exceptional mixed use property. 1st floor office or retail, 2nd floor 2 bedroom apartment. Situated on a prime corner of Margate in the heart of the business and restaurant district at the edge of the Parkway section. 1st floor has a large glass enclosed reception area with ample client seating. Beyond reception is a large bullpen, 6-7 private offices, conference room, 3 restrooms (1 ADA compliant), kitchen/servery. Multiple entrances allows for 1st floor to be leased in 2 units. The 2nd floor has a 2 bedroom 1 bath apartment with a spacious deck with ocean views. Located 2 blocks from the beach. Excellent visibility. Near Wawa, Johnny’s Cafe, Saltwater Restaurant.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
3,500 SF
Year Built
1950
Price
$2,599,000
Price Per SF
$742.57
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
1,750 SF
Building FAR
1.03
Lot Size
0.08 AC
Zoning
CBD - CBD - Commercial Business District
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PROPERTY TAXES
| Parcel Number | 16-00125-0000-00059 | Improvements Assessment | $225,000 |
| Land Assessment | $212,100 | Total Assessment | $437,100 |
PROPERTY TAXES
Parcel Number
16-00125-0000-00059
Land Assessment
$212,100
Improvements Assessment
$225,000
Total Assessment
$437,100
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Mixed Office with Residential | 9202 Ventnor Ave
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