2522 Dune Drive, Unit Numbers 2, Avalon NJ - SOLD COOP BY MEMBER

For Sold: $1,800,000   |   Sold Date: 01/31/23
MLS: 221847       Beds: 3       Baths: 2.5       Type: Condo       DOM: 230 Days

Rare opportunity to own a commercial unit, packaged with an above residential unit in the very desired heart of Avalon s Business District. As one of the largest street-level retail units available in town, this unit features 1480 square feet of space along with an additional outside common area with the exclusive use to this unit. The 1,508sqft unit above has 3 bedrooms, 2 bathrooms, vaulted ceilings, and two additional rooms to be used for storage. A window can be built into one of these rooms to convert it into a fourth bedroom. This popular location has a great deal of foot traffic during the busy season. The primary business has been operating as a Bicycle shop for over 20 years. A small portion of the store (480 square feet) has been sub leased out to a tenant who sells Acai bowls, smoothies, and coffee products. The sub lease is valid through 2025 and the current bicycle shop lease expires Oct 2022. The tenant is open to extend through 2025 if buyer would like to.

PROPERTY FEATURES & AMENITIES

Kitchen   Living Room   Dishwasher   Disposal   Dryer   Microwave Oven   Oven   Range   Refrigerator   Smoke/Fire Detector   Washer   Heat Fuel:Gas Natural   Water Heater:Gas   Cooling:Central Air   City

PROPERTY MAP / LOCATION

Last Database Update: 03/25/2023

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2522 Dune Drive, Unit Numbers 2, Avalon NJ 3 Bedroom(s)   |    2.5 Bathroom(s)   |   Sold Price: $1,800,000   |     MLS Number: 221847   |    Property Type: Condo Provided by: Holly Rennie - www.hollyrennie.com (Information Above Will Appear at the Top of the Email that is Sent to Holly Rennie)

Let HOLLY RENNIE with FERGUSON DECHERT REAL ESTATE be your buyer for this listing. Listing is provided by Tim Kerr Sotheby's International Realty. The data relating to real estate for sale on this web page appears in part through the Cape May County MLS program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which we participate, and is provided by Cape May County MLS through a licensing agreement. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to change, withdrawal, or prior sale.