272 21St St Avalon, NJ 08202
- Commercial real estate
- 865 SF
Current Use by Public Records
- Drumar Construction / Contractor
- B. Hartzell / Fashion Accessories Store / Gift Shop
Property Details for 272 21St St
- Construction
- FRAME
- Property size
- 865 SF
- Zone code
- B-1
- Property type
- Commercial real estate
- APN
- 01 00021- 04-00062- 272
- APU
- 1000210400062272
Description
This exceptional 865-square-foot commercial unit is situated in the heart of Avalon, New Jersey's desirable downtown area, next to Tiger Lily Boutique and near popular establishments like Kohler's Donuts and The Whitebrier/Circle Tavern/The Princeton block. The property features elegant hardwood floors throughout the main area and tasteful tile in the kitchen and bathroom. A well-appointed bathroom with contemporary fixtures adds to the unit's appeal. Two assigned parking spaces are included, a significant advantage in this location. The unit is currently leased, offering an immediate return on investment for the buyer. The lease terms will be disclosed upon request. This location benefits from Avalon's vibrant atmosphere, known for its boutique shopping, diverse dining options, and lively nightlife, attracting both residents and tourists. The property is ideal for a variety of retail or professional uses, providing a strong foundation for a successful business venture. The unit is well-maintained and ready for immediate occupancy subject to the existing lease. This presents a rare opportunity to acquire a commercial property in a highly sought-after area of Avalon, offering both immediate income and long-term growth potential. The 0.02-acre lot provides convenient access and ample space for the business. This is a turnkey opportunity to establish a presence in one of Avalon's most desirable commercial locations.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $245,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $280,000
- 6.5%
- $265,000
- 7%
- $285,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $290,000
- Geo Method
- $265,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $305,000
- Retail
- $290,000
- Mixed-Use
- $285,000
- Hospitality
- $225,000
- Educational
- $240,000
- Residential Income
- $225,000
- Energy
- $235,000
- Income-Based Land
- $260,000
- Food Service
- $245,000
Location Insight
- Map
- Local Demand
- City
- Avalon
- County
- Cape May
- State
- New Jersey
- Longitude
- -74.7198
- Latitude
- 39.1023
- CBSA code
- 36140
- CBSA name
- OCEAN CITY, NJ METROPOLITAN STATISTICAL AREA
