3710 Landis Avenue, Sea Isle City NJ |CMCMLS| Cape May County Association of Realtors

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3710 Landis Avenue, Sea Isle City, NJ - Active

For Sale: $3,999,900

Beds: Baths:

Type: Mixed Use

DOM: 64 Days

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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.

PROPERTY FEATURES

Heating:Gas Natural
Heating:Forced Air
Display Window
Fire Sprinkler System
Living Space Available
Restroom
Smoke/Fire Alarm
Storage
11 Or More Spaces
Off Street
Paved
Display Window
Fire Sprinkler System
Living Space Available
Restroom
Smoke/Fire Alarm
Storage
Cooling:Central Air Conditioning
Cooling:Wall Air Conditioning

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ADDITIONAL PROPERTY PICTURES

Listing is provided by KELLER WILLIAMS REALTY JERSEY SHORE - SIC, James W. Sofroney Jr., 609-399-5454. 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.

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