Building Details

Year Built 1980

Buildings 1

Stories 2

Tenancy Multi

Listing Agency: Compass New Jersey,LLC - Ocean City

Listed By: William Albrecht · License #0683260 Show Phone

Source: Deepcreeklake

Added: Oct 28 Changed: Nov 1 Last Checked: Nov 1 at 4:05AM

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Investment Insights

Based on property information with market context.

At 2349 Dune Drive in Avalon, this 1980-built property combines two commercial spaces on the ground floor with two residential units above. The front commercial unit is approximately 1,505 square feet and occupied by Michelle's Salon; the business is not included in the sale. The rear space measures approximately 1,500 square feet and connects to the rear yard.

The larger apartment contains approximately 2,277 square feet, three bedrooms, and two full bathrooms. The second apartment is approximately 1,100 square feet, with two bedrooms and one full bathroom. Gas and electric are separately metered for each of the four units.

Key Highlights

• Two commercial spaces and two residential units in one building
• Front commercial unit: approximately 1,505 square feet; occupied by Michelle's Salon, business excluded from sale
• Rear commercial space: approximately 1,500 square feet, with access to the rear yard

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Furniture & Home Goods Hair Salon Garden Center Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Multi-tenant

Tenancy

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

484

Businesses Nearby

20k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 59% Apparel 24% Dining 17%

Wawa Shops & Services

9,571 visits/mo 0.3 miles

lululemon athletica Apparel

3,979 visits/mo 0.1 miles

Uncle Bill's Pancake House Dining

3,346 visits/mo 0.5 miles

Sunoco Shops & Services

2,072 visits/mo 0.4 miles

Vineyard Vines Apparel

467 visits/mo 0.2 miles

Demographics for 08202, NJ

1,350

Population

5,668

Households

0.2

Avg Household Size

64

Median Age

68%

College-Educated

98%

High-School Grad

6.9 sq mi

ZIP Area

196

Density / Sq Mi

$142,500

Median Household Income

$77,404

Median Earnings

$1,615

Median Rent

$1,566,700

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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2564 Dune Drive, Avalon, NJ 08202

$825,000

1,000 SF

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Multilevel Residential Income Property

386 24TH ST, Avalon, NJ 08202

$1,549,000

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Ground-floor commercial space is paired with two upstairs apartments.

Where is this mixed-use property located?

The property is located at 2349 Dune Drive Avalon, NJ.

What is the asking price?

The asking price for this property is $3,695,000.

What are key features of this property?

This property features: Two commercial spaces and two residential units in one building; Front commercial unit: approximately 1,505 square feet; occupied by Michelle's Salon, business excluded from sale; Rear commercial space: approximately 1,500 square feet, with access to the rear yard