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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
Property Subtype
Office/Residential
Building Size
3,500 SF
Building Class
C
Year Built
1950
Price
$2,599,000
Price Per SF
$742.57
Percent Leased
100%
Tenancy
Multiple
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 Numbers | Improvements Assessment | $370,500 | |
| Land Assessment | $342,800 | Total Assessment | $713,300 |
Property Taxes
Parcel Numbers
Land Assessment
$342,800
Improvements Assessment
$370,500
Total Assessment
$713,300
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Mixed Office with Residential | 9202 Ventnor Ave
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