Unique investment property located in the heart of downtown Sea Isle City directly on the water. This property is currently being used as a rental property bringing in $41,000+ per year. The building consists of two first floor garages, a store front, and a second floor three bedroom residential unit with one full bath and a powder room. This bay front property also offers the possibility of four boat slips which could increase the rental income potential. Comparable boat slips are being rented at a cost of $1,600 per slip for the season. This property also offers many future development possibilities including building a new side-by-side townhouse unit or purchase together with the neighboring property at 333 43rd Place to explore building a first floor restaurant or retail space and five units above. The options are endless and the current property is the excellent income producing investment until your plans are finalized or use the property as/is and enjoy a bay front location within walking distance to all of the great amenities Sea Isle has to offer.
Listing courtesy of: BERKSHIRE HATHAWAY HS FOX & ROACH sh
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