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MLS#:	243319
Property	Commercial/Industrial
Price:	$2,100,000.00
Location:	224 21st Street
City:	Avalon
State:	NJ
Bedrooms:	0
Bathrooms:	0
Lot Size:
YearBuild:
Taxes:	$6,496.00(2023)

224 21st Street Avalon, NJ 243319 Add to List

Amazing Mixed-Use Investment Opportunity in Avalon’s Business District! This unique property offers an exceptional chance to own a mixed-use building in the heart of Avalon’s thriving business district. With a commercial restaurant space on the first floor and a spacious two-story residence on the upper levels, this property is perfect for investors or those wanting to live in a vibrant community while generating rental income. The first floor features a high-visibility restaurant space ideally situated in Avalon’s bustling district. It includes an updated interior and is currently home to one of Avalon's most iconic businesses. The commercial unit has a separate entrance from the residential space, providing privacy for both tenants or owners. This space offers a fantastic opportunity for a restaurateur looking to make their mark or for an investor seeking a reliable rental property in a prime location. The upper residential unit boasts a spacious, comfortable two-story layout with four bedrooms and two full bathrooms. Its open-concept living and dining area is filled with natural light, complemented by an updated kitchen with modern appliances. This versatile unit is perfect for an owner-occupant or as an additional source of rental income. Located in Avalon’s vibrant commercial area with strong foot traffic, this property is an incredible investment opportunity with multiple income streams. You could live in the residential unit while renting out the commercial space, or lease both for even greater returns. Please note that the sale is subject to the final condominium conversion process. The sale consists of real estate only. The business and and owner's equipment are not included in the sale. Don’t miss this rare chance to own a mixed-use gem in Avalon’s sought-after business district. Contact us today to schedule a viewing and explore the possibilities this property offers.

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LOCATION
      Island
      Business District

EXTERIOR
      Wood/Frame

INTERIOR FEATURES
      Living Space Available

PARKING
      Paved

HEATING
      Gas Natural
      Electric
      Forced Air

COOLING
      Central Air Conditioning

HEATING
      Electric

WATER
      City
      City

HEATING
      Electric

FINANCING AVAILABLE
      Conventional

SHOWING INFORMATION
      Appointment Only

TYPE
      Commercial Condo

LOCATION
      Other (See Remarks)

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Let Coldwell Banker James C Otton Real Estate - SH be your buyer agent for this listing. Listing is provided by A LEWIS PURDY REAL ESTATE INC and Cape May County MLS. The data relating to real estate for sale on this web page appears in part through the Cape May County MLS program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which we participate, and is provided by Cape May County MLS through a licensing agreement.
Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to change, withdrawal, or prior sale.