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Marguerite Pate

mpate.realtor@gmail.com +1(609) 289-7333

Listed by Jamie Sofroney • Keller Williams Realty - Sea Isle City

$ 3,999,900

Est. payment | -/mo

0.25 Acres Lot

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$ 3,999,900

Est. payment | -/mo

Save

0.25 Acres Lot

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID NJCM2007388

Year Built 1986

Annual Tax Amount $12,231

Tax Year 2025

Lot Size 0.253 Acres

Acres 0.25

Lot Dimensions 110.00 x 100.00

Property Sub-Type Mixed Use

Source BRIGHT

Property Description

Exceptional real estate opportunities of this magnitude are rarely offered in the highly competitive Sea Isle City market. Positioned on an expansive, high-visibility 100x110-foot parcel, this landmark mixed-use property commands a premier presence in the heart of a bustling downtown district, directly adjacent to a high-traffic Wawa. The substantial footprint currently houses the legendary Phil's Famous Pizza and Restaurant, a 2600 square foot unit with 53 seats, prep area, storage area , counter area, take out windows and more. A true staple of the local community, Adjoining the restaurant is a versatile commercial unit, currently operating as a nail salon, which offers incredible flexibility for a secondary dining concept, a boutique retail boutique, or a professional service business. Beyond its prime commercial appeal, the true financial engine of this property lies in its four on-site residential rental units, which provide a powerful, diversified revenue stream to offset expenses and maximize yield. The residential portfolio includes two comfortable one-bedroom, one-bathroom units, and additional two-bedroom, one-bathroom unit. The crown jewel of the residential component is a beautifully and completely renovated two-bedroom, two-bathroom suite, meticulously designed with premium finishes that make it ideal for year-round luxury living, a high-end vacation rental, or exclusive owner's quarters. This multi-faceted asset is perfectly tailored for an ambitious restaurant group looking to expand into a premier coastal market, or for a savvy investor seeking immediate, consistent cash flow with substantial long-term appreciation. Adding to its immense value, the property possesses extraordinary future development upside. Subject to municipal zoning approval, the massive parcel can be redeveloped into a modern mixed-use complex featuring up to eight expansive 1,500-square-foot residential condominiums sitting atop premier street-level commercial storefronts. Whether you choose to operate the existing successful framework or redevelop the site to unlock its maximum density, this trophy property represents a generational investment in one of New Jersey's most desirable beach towns. To protect the privacy and operational integrity of the current businesses, all interested parties must sign a Confidentiality and Non-Disclosure Agreement (NDA) prior to receiving financial information or scheduling a private showing.

Location

State NJ

County Cape May

Area Sea Isle City City (20509)

Zoning COMMERCIAL

Interior

Hot Water Natural Gas

Heating Forced Air, Baseboard - Electric

Cooling Central A/C, Wall Unit, Window Unit(s)

Inclusions Furnishings in apartments are included

Heat Source Natural Gas, Electric

Exterior

Garage Spaces 13.0

Water Access N

Roof Type Flat,Asphalt

Accessibility Other

Total Parking Spaces 13

Garage N

Building

Lot Description Corner

Sewer Private Sewer

Water Public

New Construction N

Schools

School District Ocean City Schools

Others

Tax ID 09-00037 03-00012 01

Ownership Fee Simple

Special Listing Condition Standard

NEARBY SCHOOL & BUSINESS

+1(609) 289-7333

mpate.realtor@gmail.com

1333 New Rd, Northfield, NJ, 08225, USA

3710 LANDIS AVE Sea Isle City, NJ 08243

Marguerite Pate

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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3710 LANDIS AVE