|Price/Rent PSF||$ 675,000.00|
|SQ. FT. Available||3,750|
Approximately 1/2 Mile North of Dunlawton on the West Side of South Atlantic.
Across the street from an oceanfront park, this prime location on beachside has an ocean view that will never be obstructed! Two story Commercial Building with 2,784 SF and a residential duplex with 966 SF. Built with solid concrete beam construction in 1959 with 117 ft of frontage on South Atlantic Avenue and 140 ft of frontage on Simpson Ave. The property includes a residential duplex in the rear for additional income. Current tenants pay $750 for the East side unit and $700 for the West side. Total annual duplex income = $17,400 plus yard storage of $4800 for a beach vendor. The front building is currently leased on a month to month basis.
A Phase 1 Environmental assessment was completed in 2008. GC-1 Zoning allows for multi-purpose use including retail, office space or restaurant. Per the seller, the City is agreeable to building an adjacent 4 story building to the South of the existing building with a zero lot line. Verification from the City will be necessary. Adjacent properties are also available for assemblage.