4001 Landis Avenue, Sea Isle City - UNDER CONTRACT

Grand downtown location of mixed use in Sea Isle City! 2 lots to be sold together. Use what is in place producing great rental income while waiting for approvals to re-build. Current zoning says to build mixed use in this location commercial on first floor and residential on second floor. Build commercial space on ground level and increase residential units up top by combining both lots. Currently in place 4001 Landis Ave 48x85 lot. First floor is approx 2,500sq ft. and a fully operational, income producing restaurant, plus, existing take out window ($6k seasonal rental income food take out window in evening when rest closed). Second floor has 2-residential condos approx 1,250sq ft each. North unit rents for $21k summer season, South unit owner occupied and can produce the same. 28 40th St. on 25x79 lot is a single family home approx 918sq ft. Currently occupied for off season rental ($1k mo) plus summer seasonal rental income of $23,500. Contact listing agent for more details!