260 21St St Avalon, NJ 08202
- Commercial real estate
- 865 SF
Current Use by Public Records
- Commercial real estate
Property Details for 260 21St St
- Construction
- FRAME
- Property size
- 865 SF
- Zone code
- B-1
- Property type
- Commercial real estate
- APN
- 01 00021- 04-00062- 260
- APU
- 1000210400062260
Description
This exceptional 865-square-foot retail or office space in Avalon, NJ, presents a unique investment opportunity. Located in a highly desirable area, this recently renovated property boasts a prime location with unparalleled visibility. The modern updates include new luxury vinyl plank flooring throughout, creating a sleek and contemporary atmosphere. The space is well-equipped with a kitchenette, a full bathroom featuring a shower, and a climate-controlled HVAC system for year-round comfort. Three oversized display windows maximize exposure to both pedestrian and vehicular traffic, ensuring high visibility for your business. Accessibility is ensured with handicap access, meeting all compliance requirements. Two dedicated parking spaces are included, offering convenience for both employees and customers. The property is ideal for a variety of uses, including boutiques, professional offices, salons, studios, or other retail ventures seeking a presence in Avalon's most coveted areas. The property will be transferred vacant, offering immediate occupancy. The 0.02-acre lot provides a manageable footprint for your business needs. This is a rare chance to acquire a turn-key commercial property in a thriving coastal community. The asking price is $675,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $385,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $350,000
- 6.5%
- $300,000
- 7%
- $315,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $335,000
- Geo Method
- $330,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $355,000
- Retail
- $280,000
- Mixed-Use
- $320,000
- Hospitality
- $275,000
- Educational
- $350,000
- Residential Income
- $360,000
- Energy
- $340,000
- Income-Based Land
- $320,000
- Food Service
- $280,000
Location Insight
- Map
- Local Demand
- City
- Avalon
- County
- Cape May
- State
- New Jersey
- Longitude
- -74.7195
- Latitude
- 39.1021
- CBSA code
- 36140
- CBSA name
- OCEAN CITY, NJ METROPOLITAN STATISTICAL AREA