984 Boardwalk, Ocean City, NJ | MLS # 575700 For Sale

Property Details

Incredible rare opportunity for Commercial Lease in HEART OF OCEAN CITY'S BOARDWALK, next to the #1 Boardwalk destination of Playland's Castaway Cove. Property features approx 3200 sq ft restaurant/ food service space, approx 27 ft boardwalk frontage w/loading doc, backdoor delivery, 3 parking spots, plus side exit/entrance Existing tenant operates popular restaurant business & occupies 2 large commercial condos as 1 large unit. New tenant triple-net (NNN) lease is starts at $160K p/year for is 5 or 10 year term w/options to renew, ideally suited for any type of food/beverage-restaurant business. Lease includes optional use of existing older equipment. Depending on lease terms & tenant's fit-out needs, Landlord may be negotiable on cooperating with some Capex allowances. Currently property is tenant occupied w/operational business. Appointment for pre-qualified experienced prospective tenants must be coordinated in advance with listing agent. New lease is subject to tenant's vacancy upon lease expiration.

This listing is provided courtesy of Keller Williams Realty Jersey Shore-Ocean City

MLS #: 575700
Status: Active
Address: 984 Boardwalk, Ocean City, NJ 8226
Date Listed: 7/8/2023
Days on Market: 465

Location

Interior Features

Cool System: Ceiling Fan(s), Central
Heat System: Forced Air, Gas-Natural
Floors: Concrete

Additional Features

County: Cape May
Waterfront Features: Yes
Water/Sewer: Public
Lot Number: 22
Block Number: 901
For Sale / Lease: For Rent
Taxes: 1
3rd Party Approval: No

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