About This Home
This 0-bedroom, 0-bathroom single family at 991 Ocean Drive in Lower Township, NJ is listed for $4,200,000 ($933 per sqft). Built in 1970, the home offers 4,500 sqft of living space on a 0.47 acres lot.
Key Features
- Built in 1970
- 0.47 acre lot
Property Details
Amenities
Prime Ocean Drive Commercial Real Estate - Real Estate Only Exceptional opportunity to acquire a prominent commercial property located at 991 Ocean Drive, strategically positioned along the causeway connecting Cape May to the barrier islands and serving as a gateway to Diamond Beach.
The property sits on a substantial 190' x 110' lot totaling approximately 20,647 square feet, with an impressive 190 feet of frontage on Ocean Drive and 30 parking spaces. The 4,510-square-foot building was renovated in 2017 for continued use as a restaurant and bar and is situated within the MD-2 Marine Development Commercial zoning district.
Features include vaulted ceilings, mahogany-paneled walls, quarry tile floors, a walk-in refrigerator, a partial basement providing additional storage beneath the bar, and an outside dining area with water views of the Marine District. This offering is for the real estate only. The business, liquor license, furniture, equipment, personal property, and other business assets are expressly excluded from the sale and will not transfer to the buyer.
Monthly Cost Estimate
$22,462/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
991 Ocean Drive
Lower Township, NJ 08204
Features & Amenities
Interior Features
Exterior Features
Property Details
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom single family at 991 Ocean Drive is listed at $4,200,000 ($933/sqft). The estimated monthly payment is $22,462 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1970, 0.47 acre lot. Interior Features: Restroom. Exterior Features: Storage Building.
This property is listed by Gail Wilsey-Morrison, CRS, ABR, SRES and can be reached at 6096020405.
