2389 Ocean Drive $2,200,000

Avalon Hodge Podge, established in 1962 and Avalon's only full service bait and tackle shop is being offered for sale. This property is a corner 50 x 110 lot, near the center of town, that includes 1,075 s.f of retail space plus a 600 sf Owner's apartment on the second floor, with a large deck and a separate entrance. The property has recently been rezoned by the Borough of Avalon to R-2A, which would allow for the construction of a new single family home or a multi-family dwelling at this location. There are numerous possibilities for this property. See Associated Documents for; Lead Based Paint Addendum, Borough Ordinance changing location from B-1 to R-2A zoning, list of allowed uses in the R-2A zone, preliminary drawing for new side-by-side townhouses. Sale price for the property only is $2,395,000. Business and shop inventory are being sold separately, inquiries welcome. Only multi-family lot currently available in Avalon and Stone Harbor. Please call for appointment to show.

This listing is provided courtesy of NEWBOLD REAL ESTATE CO